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
The pictures show us the bearish Marubozu candle it seems that the market has a good potential to continue down.
EURO and US Dollar Forex Economic Indicators:
|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
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