10.10.201710:12 Forex Analysis & Reviews: Trading plan for 10/10/2017

Long-term review

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While it was a day off in the US, on the dollar there was a small correction and he gave up his position a little. Today, there is virtually no news, and only the data on industrial production in the UK can make a difference in the course of trading. It is expected that the growth rate of industrial production will accelerate from 0.4% to 0.8%, which will allow the pound to develop its success. But the single European currency will soon consolidate at the achieved levels in anticipation of tomorrow's publication of the text of the minutes of the meeting of the Federal Commission for Open Market Operations.

The EUR / USD currency pair is traded at a periodic value of 1.1780, wherein the case of a fixation above, further movement to the resistance level range 1.1820 (1.1820 / 1.1840) is possible.

The pound/dollar currency pair, forming a corrective movement, reached the first value of 1.3150, where it formed a fleeting deceleration. Probably assume further movement up to 1.3250, where the cluster of a level and Fibo is located.

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