Euro/dollar before publication of the US statistics


Currency pair successfully went down to the level of 1.3000 and confirmed fractal pattern stated in the previous forecast.  Current forecast is experimental as it tries to guess outcomes of the US employment statistics and market’s reaction to this information. The forecast is made a few hours before important news, the forecast horizon – till 9-10 of January. Target – 1.3100 area, with the support at 1.3000 area  (not ruling out the possibility of going lower, 1.2950). It  must be added that such rise may be caused by worse-then-expected statistics or as a result of expectations. If a number of working places in non-farm sector increases, falling may continue to the level of 1.2900. Forecast is marked by green canal on the chart.

EURUSD - 04/01/13


About Author

Private trader, Forex4you company analyst since 2007. Research led me to the most complete understanding of the processes taking place in the market. Afterwards, I gave up technical (classical) and fundamental analysis to focus on the price, because it brings all the necessary information. At the moment, I present not only the analytical material that helps to focus on the market, but also training services and analytical platform FAM Generator.