03.01.201909:37 Forex Analysis & Reviews: Forecast for EUR / USD on January 3, 2019

EUR / USD

Yesterday, what we assumed at the end of last year happened on the market. The strongest attack on counter dollar currencies took place. The only difference is that before such an attack, we allowed a price gap up at the opening of the market. But nevertheless, such an operation took place very rapidly. The reason for this was Apple's announcement of a lower forecast for the new year, in the first quarter alone from 91 billion dollars to 84 billion. The crisis again began to talk about the market, and investors began to buy the dollar. The euro lost 107 points, but the yen suffered more than other currencies, as holidays continue in Japan and market makers could not maintain liquidity. The yen collapsed 515 points in 2 days.

The euro has reached our first goal of 1.1307. Now all the indicators on both charts show only a further decline. At the moment, the price is adjusting, the growth limiter is the resistance of the Kruzenshtern line on the four-hour chart of 1.1405. The price may not reach this line, it may pierce, but on the whole, we are waiting for the price to return to 1.1307 and a further decrease in the range of 1.1270 / 85. Then we wait for the price at the levels of 1.1195 and 1.1150. Target levels are defined as zones of the largest accumulation of Fibonacci levels of different price scales from different branches of the movement.