Analysis and Forecast EUR / USD - Weekly overview (18.01-22.01)
Defence support at 1.09 leads to an increase in resistance towards 1.0945 and 1.0987.
1.09 If the support is broken, the supply will lead to declines in around 1.0847 and 1,08-1,0810
In summary analysis should remember that regardless of the data that will be announced early in the week, the effect of supply and demand may be limited because of the anticipation related to Thursday's conference of the President of the ECB. In my opinion, the occurrence of Mario Draghi, can cause strong movements in the currency pair and this should be taken into account in their investment strategy.
1.09 If the support is broken, the supply will lead to declines in around 1.0847 and 1,08-1,0810
In summary analysis should remember that regardless of the data that will be announced early in the week, the effect of supply and demand may be limited because of the anticipation related to Thursday's conference of the President of the ECB. In my opinion, the occurrence of Mario Draghi, can cause strong movements in the currency pair and this should be taken into account in their investment strategy.