LiteForex EU (ex Mayzus) - Analytics

LiteForex EU (ex Mayzus)

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03 June 2015: EUR/USD: review and forecast

EUR/USD: review and forecast

 

 

 

 

Yesterday, the European currency has grown against the American dollar. From the opening price of 1.0927 the pair went to 1.1150 by the end of the day. At the moment Euro is at the level of 1.1180 and continues to rise.

Today’s economic calendar contains some news, which can influence on the volatility in the pair EUR/USD. The main event of the day is the interest rate decision by ECB and press-conference of the ECB’s Chairman. Both options, either the increase in the interest rate or maintain it at the previous level can help attract investors, which will be contribute to strengthening in the European currency. Important American statistics will be also known today, including the number of employed (ADP) for May and business activity index in the service sector (ISM).

Technically, on the daily chart the price has broken down the middle line of Bollinger bands and continues to go up to the top line.
The nearest support level is 1.1135 (middle line of Bollinger bands). Support levels are 1.1460 (upper line of Bollinger bands) and 1.1350.


This website/communication is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. It has been prepared by Mayzus Investment Company Limited without taking into account any particular person's objectives, financial situation or needs. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Past performance is not indicative of future performance. The future value of your investment may rise and fall with the changes in the market.

 

 

 

 

 


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