empty
 
 
15.05.2019 06:28 AM
Forecast for EUR/USD on May 15, 2019

EUR/USD

On Tuesday, there were failures, relative to expectations, indicators of business sentiment in the euro area. The ZEW Institute determined Germany's economic sentiment in May as a -2.1 point against the forecast of 5.1, and for the eurozone as a whole at -1.6 against the expectation of 5.0. Industrial production in the euro area fell by an expected -0.3% in March. US President Donald Trump kept a good face on a bad game in the matter of trade negotiations with China, once again announcing that there would be a good deal in a few weeks. As a result, the euro lost 18 points, overcoming the support of the MACD line of the daily scale. The signal line of the marlin oscillator is currently trying to push the boundary with bearish territory.

On the four-hour chart, the marlin oscillator is already in the negative zone, there are several points left to overcome the price of supporting the MACD line, and then a direct road opens to the Fibonacci level 110.0% (1.1155), then, with a slight correction from the level or on the move, the movement to the Fibonacci level of 123.6% on the price of 1.1075.

This image is no longer relevant

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback