TitoC Posted November 11, 2018 Share Posted November 11, 2018 The euro fell markedly against the US dollar after the publication of the European Commission's report, which is expected to slow the Eurozone economy in 2019. The European Commission lowered the GDP forecast in the Eurozone from 2% to 1.9%. After the meeting, the US Federal Reserve's Open Market Committee (FOMC) accelerated the pair's descent. As expected, the FOMC decided to leave key interest rates in the country in the range of 2.00%-2.25%. The Committee confirmed its forecast for a gradual increase in interest rates. The statement that risks would remain balanced was present in the September statement, and remains intact. The next meeting is scheduled for December. Another rate hike is expected later this year. You can practice forex demo contest here! Day's news (GMT+3): 10:45 France: industrial output (Sep). 12:30 UK: GDP (Q3), total business investment (Q3), industrial production (Sep), trade balance (Sep), construction (Sep). 16:00 UK: NIESR GDP estimate (Oct). 16:30 US: PPI (Oct). 18:00 US: Michigan CSI (Nov). 21:00 US: Baker Hughes US oil rig count. Fig 1. EURUSD hourly chart Current situation: Our forecast for the high and low was accurate. I did not consider the jump from the high (1.1447). I expected a fall to the trend line on Friday, while sellers passed this yesterday. In addition, there was a breakout of the upwards channel and the area around the 112th-135th degree acted as a support. I did not make a forecast for Friday due to the conflicting situation we have. The price may fall to 1.1313, or via a correctional movement under the trend line. There is no important news scheduled for today for the euro, and should the euro strengthen to 1.1375, that could cancel the bearish scenario. Source: https://alpari.com/en Quote Link to comment Share on other sites More sharing options...
Latham Lapard Posted September 6, 2020 Share Posted September 6, 2020 First of all, I would like to say that EUR/USD is the giant of forex trading since 90% of people are trade here even after joining with FreshForex broker I mostly trade here since they sometimes don't cut any spread from this pair even this pair can easily reverse so if I do a bit lot but right some moment it turned back to my level. Quote Link to comment Share on other sites More sharing options...
gds221 Posted September 6, 2020 Share Posted September 6, 2020 So far, of all the couples I worked with, this one was the most reliable and effective option. At least for me. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted September 14, 2022 Share Posted September 14, 2022 It seems to me that the euro will still rise in price a little. Quote Link to comment Share on other sites More sharing options...
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