The EUR/USD managed to recover to 1.32
28.08.2014
The main currency pair is adjusting for a second day in a row, but it is just a technical rebound - a trend reversal is still very far away.
So, for the second day in a row in the euro/dollar pair is in a correctional movement. Investors use the information vacuum and the neutral external background to slightly cool off the "bearish" fever. However, in the afternoon the activity in the euro / dollar may rise: ahead is the publication of the next revision of the US's GDP in the second quarter.
It is assumed that the American economy in the April-June period rose by 3.6%. If the data coincides with the expectations or will be a little stronger, the euro/dollar will return to the movement of 1.3145 and below.
The publication of the report in advance of the euro zone inflation for August is coming closer - before the meeting of the European Central Bank next week, this release is very relevant. Yes, for the E-18 the approaching of deflation is as true, and any mention of this will "upset" the already minor buyers of the base pair.
The medium-term trading channel for the euro/dollar remains unchanged, and the goal of the "Bears" is to update the annual minimum to 1.3107.
RoboForex Analytical Department
So, for the second day in a row in the euro/dollar pair is in a correctional movement. Investors use the information vacuum and the neutral external background to slightly cool off the "bearish" fever. However, in the afternoon the activity in the euro / dollar may rise: ahead is the publication of the next revision of the US's GDP in the second quarter.
It is assumed that the American economy in the April-June period rose by 3.6%. If the data coincides with the expectations or will be a little stronger, the euro/dollar will return to the movement of 1.3145 and below.
The publication of the report in advance of the euro zone inflation for August is coming closer - before the meeting of the European Central Bank next week, this release is very relevant. Yes, for the E-18 the approaching of deflation is as true, and any mention of this will "upset" the already minor buyers of the base pair.
The medium-term trading channel for the euro/dollar remains unchanged, and the goal of the "Bears" is to update the annual minimum to 1.3107.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.