Analytic reviews

EURUSD

The pair is slightly correcting downwards after the strong surge caused by Trump's and Navarro's speeches on undervaluation of euro. Today the market is concentrated on the results of the Fed monetary policy meeting. If it becomes evident that the Bank is inclined to lean towards normalization of monetary policy, the pair may fall under pressure. But if the bank's statement is negative for the US Dollar, the may start rising again.

The price is higher than the middle Bollinger band, lower than SMA5, but higher than SMA14. RSI resides lower than the overbought level and turning downwards. Stoch are leaving the overbought zone.

Trading recommendations: Buy the pair once the 1.0800 level is breached, considering a possible growth to 1.0880. At the same time, if 1.0765 level is breached, the pair may fall to 1.0625.

EURUSD

The pair is still higher than 1.0650 level. It is possible that it will be trading inside the 1.0650-1.0770 range till the US employments data is published. The market is still a bit disorganized because of the fact that the new economic policy plan has not been published yet and his scandalous migration policy frightens the investors, urging them to be careful.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides lower than 50% level and moving horizontally. Stoch are rising.

Trading recommendations: Trade carefully inside the 1.0650-1.0770. But if the 1.0650 level is breached, it can result in the price falling to 1.0625 and 1.0580.

EURUSD

The pair resides higher than 1.0650 level. It is possible that it will be trading in the range of 1.0650-1.0770. The main reason for such behavior is the uncertainty regarding the fiscal stimulus, awaited by the market.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level and moving horizontally. Stoch are entering the overbought zone.

Trading recommendations: Trade carefully inside the 1.0650-1.0770 range.

EURUSD

The pair remains under pressure amid the recent news from the US regarding the tax reform, previously mentioned by D. Trump. From the technical perspective the pair has breached the support level and may keep falling if the present mood stays and the US GDP data (to be published today) is positive.

The price is on the lower Bollinger band, lower than SMA5 and SMA 14. RSI resides lower than 50% level and keeps falling. Stoch are non-informative.

Trading recommendations: The the pair falls lower than 1.0650-55, there is a possibility that it will touch 1.0625 and 1.0580 after, which will correspond with 38% and 50% Fibonacci Retracement.

EURUSD

Our prognosis on the pair remains unchanged. It has all chances to reverse locally amid positive economic statistics data from the US and good corporate data figures.

The price is higher than the higher Bollinger band, but already lower than SMA5 and SMA14. RSI resides higher than 50% level and gradually lowering. Stoch enter the oversold zone.

Trading recommendations: If the pair falls lower than 1.0710, there is a good chance it will fall reaching 1.0680 and after - 1.0625, which will correspond with 23% and 38% Fibonacci Retracement.

EURUSD

The rise of Euro against the US dollar is caused by the ambiguity of the Trump's policy, as his fiscal stimulus program plans have yet to see the light of day. This uncertainty pushes the US dollar down, but once a strong US economic statistics data is released, the pair may fall under pressure and correct not just because of the statistics, but due to being locally overbought as well. 

The price is higher than the upper Bollinger band, lower than SMA5, but still higher than SMA 14. RSI resides higher than the 50% level and turning downwards. Stoch have turned downwards.

Trading recommendations: The pair may fall to 1.0680 amid correction , which will correspond with 23% Fibonacci retracement.

EURUSD 
The pair may come under pressure if today’s consumer inflation figures turn out to be not as bad as expected. It is assumed that consumer prices index will go up to 2,2% on a year-over-year basis, which is higher than 2,0% level that was established by the FED. In December, the growth should be 0,3%. Sharp inflation growth will cause the Fed raising its rates probably as early as February, or in March of the current year, which will reflect positively on USD.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is declining, Stoch are falling.



Trading recommendations:
If the price falls below 1,0680 level after the US inflation figures are published, the pair may consequently lower down to 1,0600 or even to 1,0580.

In view of the growing concern that the outcome of Brexit may prove to be more dramatic that it was believed before, the pair is tightly pressed, as the market players aim to avoid risks. This trend may continue today, if British PM Theresa May confirm these concerns during her speech.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone. Stoch are falling.

Trading recommendations:
If the price falls below 113.20 level, it may lead to its further falling down to 112.80 and then 112.0.00.

EURUSD

The pair is above 1.0600 level in anticipation of two major events of this week: the results of ECB meeting on monetary policy and Donald Trump’s inauguration speech this Friday. It is expected that ECB will continue its soft monetary policy and Trump will finally unveil the details of his economic plan. If it all goes as expected, the pair will return to its minimum values that were reached in the end of the previous year.

The price is above the middle Bollinger band, but below SMA 5 and SMA 14. RSI is above 50% level and is declining. Stoch have reversed downwards. 


Trading recommendations:
Today is a US national holiday and by all appearances it won’t be very dynamic, so the pair is likely to remain in the range of 1.0600-1.0685. But if the price falls below 1.0660 level, the pair may lower down to 1.0500 even before ECN meeting.

EURUSD

This Thursday the pair couldn’t consolidate above 1.0655 level and, in all likelihood, will test again this mark before the important figures on the US economy are published. However, if these figures turn out to be positive, there’s a possibility of local downwards reverse of the price.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above 50% level and is rising. Stoch are reversing upwards.

Trading recommendations: Wait for the US figures to be published. If they cause the price to fall below 1.0600 level, there’s a possibility of a local decline to 1.0500.