empty
 
 
30.07.2019 08:42 AM
Breaking forecast from EUR/USD from 07/30/2019 and a trading recommendation

Today there's really nothing to grasp at, since the macroeconomic calendar is essentially empty. So investors can only rely on data on personal income and expenses in the United States, which should grow by 0.4% and 0.3%, respectively. Outpacing growth in revenues does not say anything by itself, but if we consider the fact last month they grew by 0.5%, and expenses by 0.4%, this already indicates a decrease in consumer activity of Americans who are inclined more to accumulate and not waste. Well, this is, to some extent, a negative factor for the dollar. Indeed, in this case, the growth of retail sales is questioned, and with them the profits of companies. Also, this will lead to a slowdown in inflationary dynamics, which already affects monetary policy. Moreover, the sad mood will be reinforced by the expectations of tomorrow's cut in the refinancing rate of the Federal Reserve System. So as soon as the data will be published, the dollar will be under serious pressure.

This image is no longer relevant

The EUR/USD pair, after a test of convergence with the range level of 1,1100, has slowed down sharply, forming a flat formation of 1,1100/1,1150 by the result. Considering the trading schedule in general terms, we see that the flat in this case plays the role of a certain accumulation, on the eve of an important event on Wednesday, I do not exclude that traders take a wait-and-see position.

It is likely to assume that the oscillation within the intended cluster will continue its formation for some time. Then follow the points of consolidation for a breakdown, for placing trade orders. With the available data, it is possible to expand a number of options: First, buy positions are considered in the event of a clear price consolidation higher than 1.1260, where the primary perspective is located around 1.1180; The second option is considered in case something goes wrong and the quotation can still be consolidated below 1,1100.

From the point of view of the complex indicator analysis, we see that the downward interest variably persists for shorter periods, which cannot be said about intraday, where due to stagnation, the indicators have changed to ascending interest. At the same time, deeper temporary areas, like a day period, retain a downward interest against the general background of the market.

This image is no longer relevant

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $5000 lebih banyak!
    Pada November kami mengundi $5000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback