For Traders

Analytical Reviews

Technical analysis

14.11.201808:16 Forex Analysis & Reviews: Forecast for EUR / USD for November 14, 2018

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR / USD

On Tuesday, the Eurozone's ZEW business sentiment index showed a deterioration in November from -19.4 to -22.0, dropping to the level of July 2012. But thanks to the positive news from the camp of Brexit negotiators and the partial closing of positions, the euro grew by 74 points.

Today, The GDP of Germany for the 3rd quarter -0.3% forecast will be released. The euro area GDP for the same period in the 2nd estimate s expected to remain unchanged (0.2% vs. 0.4% in the 2nd quarter). Industrial production in the eurozone in September is expected to decline by 0.4%.

In the US, the base CPI for October is expected to increase by 0.2%.The overall CPI increase by 0.3%.On Thursday, it is expected to explosive growth in US retail data for October (0.6%). As a result, we expect a price reduction to 1.1200. Preliminary growth of the euro to 1.1340 (to the Krusenstern line on H4) ) It is possible to follow the 12th.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.