02.08.201810:37 Forex Analysis & Reviews: Forecast for EUR/USD as of August 2, 2018

Long-term review

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

EUR / USD

Yesterday, the single European currency fell by 31 points. The impulse was set by the job data in the private sector from ADP - the July figure was 219 thousand against the forecast of 186 thousand. The data for the previous month were upwardly revised to 181 thousand from 177 thousand. The dollar strengthening continued after further yields of the worst indicators for Manufacturing PMI and construction costs. Further, the decisions of the FOMC meeting of the Fed were published. The regulator was optimistic about the outlook for the economy.

The price moved under the red balance sheet line, today's opening occurred already under it. The signal line of the Marlin oscillator is in the zone of negative numbers. Now, the price can decrease without obstacles to the support of the trend line (blue) and the low of July 19 (1.1574) - at this point the lines coincide. Further, a break of the range 1.1475-1.1508 is possible.

On the H4 chart, all the conditions of the decline are fully met. The price is lower than both indicator lines and directed downwards. While the Marlin oscillator shows a decline in the trend with no signs of a reversal.

* The presented market analysis is informative and does not constitute a guide to the transaction.

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.