empty
 
 
14.10.2024 08:05 AM
EUR/USD Forecast for October 14, 2024
The new economic measures announced by the Chinese government on Saturday did not meet investors' expectations. Essentially, it was only a statement of intent, with plans for gradual implementation, especially in the real estate sector and local governments. Nevertheless, Asian markets are up today, continuing Friday's optimism (S&P 500 up by 0.61%).

This image is no longer relevant

Tomorrow, data on industrial production in the Eurozone (1.8% for August) and ZEW indices, which are also expected to show strong growth dynamics, will be released. We expect the price to break above the 1.0950 resistance level.

This image is no longer relevant

On the four-hour chart, the signal line of the Marlin oscillator is fluctuating near the zero line, and the price is under pressure from the indicator lines. The price needs to consolidate above the 1.0950 level before encountering the MACD line; otherwise, the euro could decline below 1.0882.

Laurie Bailey,
Analytical expert of InstaTrade
© 2007-2024
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.