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The Estimated Target For EUR/USD Is At 1.3430

Published 01/09/2014, 01:53 AM
Updated 07/09/2023, 06:31 AM

In European trading the EUR/USD and pound/dollar show mixed trends. The EUR/USD is traded downward; GBP/USD pair is growing CHF/USD. It is unknown what the pair will go for what. Here or EUR/USD turns up and reach for a British or GBP/USD will fall. So far during the trading on the Forex market against the U.S. currency weakened the Swiss franc and the single currency.

EUR/USD: 0.8196 to the distance of about 80 points.

"It seems that the euro bulls before the FOMC away the protocols to 1.3565" - experts say Forex. Cross EUR/GBP in European trading fell to 0.8276 support and shot upward correction, which is formed from the 2nd of January. We cross the EUR/GBP on the daily time frame next support level - 0.8196. That is, until the distance is about 0.8196 80 points, says the experts Forex. If we translate this to the dynamics of the EUR/USD, the single currency against the USD after crosscourt drops 160 points. In such a scenario at Forex estimated target for EUR/USD at 1.3430 is obtained.

Activity on the Australian currency and the pound today, January 8, 2014, low, so we are waiting the release of the number of jobs in the private sector in the U.S. (and the minutes of the last meeting of the Open Market Committee of the U.S. Federal Reserve), analysts specify Alpari Forex. Weak ADP index can deploy single currency up, beware.
<span class=EUR/USD 1-Min Chart" title="EUR/USD 1-Min Chart" width="452" height="309" />

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