Analysis and forecasts for EUR / USD 02/18/16
The technical situation on the main currency pair almost does not change. According to what I wrote in my last comments, the baseline scenario still remains a variant of growth. This in turn means that the demand must defend support at 1.1090 and lead to increases in the direction of the resistance levels of 1.1160 and 1.1246. In the longer term I expect gains towards the next resistance level at 1.1376.
Otherwise, if the supply will lead to a decline below support level 1.1090, Eurodollar can put toward lower price levels, extending in between 1,10-1,1045.
Otherwise, if the supply will lead to a decline below support level 1.1090, Eurodollar can put toward lower price levels, extending in between 1,10-1,1045.
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