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EURUSD WEEKLY ANALYSIS 26-31 October 2015

EURUSD Technical View:

Previous week we had rapid bearish trend and up trend line broke completely.

It’s probably that the market goes up to 1.1138 but I highly recommend you that don’t think for buy position

chart_1

Candlestick view:

The pictures show us the bearish Marubozu candle it seems that the market has a good potential to continue down.

 

chart 2

 

EURO and US Dollar Forex Economic Indicators:

News                      Currency                      Impact
Building Permits                       USD                      Against USD
Minimum Bid Rate                       EUR                       —
Unemployment Claims                       USD                      Good For USD
ECB Press Conference                       EUR                        —
French Flash Manufacturing PMI                       EUR                      Good For EUR
German Flash Manufacturing PMI                       EUR                       Against EUR

 

The above table show us that previous week we had not very important news for US or EUR but the market action can say us that EBC press and Unemployment Claims had enough affect to start bearish trend for EURUSD.

Finally for this week like previous week my recommendation is looking for sell positions

Have a nice trade

 

Author: Mohsen J. From  PipSafe Team

www.pipsafe.com

 

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Forex & You! Says

1 1

I Agree with You 100%. Thank you Mohsen. you Are Best Forex Signal provider. EURUSD Fall After touch Near 1.1040

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EURUSD WEEKLY ANALYSIS 01-07 NOVEMBER 2015 Says

0 1

[…] Week EURUSD try to go up but as my forecast it was weak up trend after the US interest rate it fall down but it […]



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