Tuesday 11 October 2016

Sales in the euro/dollar resumed again

Euro again sold in tandem with the US dollar. Partly stabilization in early October was short, and investors are back to the sale of the main currency pair. Currently, bids are around 1.1120. The macroeconomic calendar today does not offer the essential statistical data.
Both the euro zone and the United States do not shine in the recent reports on macroeconomics, private reports does not count. Consequently, the fundamental factor is to remain in the shade, and to the forefront will come technical signals and speculative mood. Strong support in the euro/dollar is at 1.1110, below - 1.1080. On upside direction - if the formed on H4 formation remains double bottom, the first support is seen at 1.1160, next - 1.1200.


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