Analysis and forecasts for EUR / USD 11/02/16
The outlook for EUR / USD:
The strength of the demand side at the moment is indisputable that in the near future should result in further increases, interspersed with larger or smaller adjustments.
Demand side should aim to break the recent high of 1.1337, which will open the way towards the next resistance 1,1371-1,1392. In the longer term expected growth in the level around 1.1495. In the vicinity of the last level, we could start a correction.
Alternative scenario assumes the defense of the level of 1.1337, which in turn will lead to a decline towards 1.1246 or even 1.1160.
The strength of the demand side at the moment is indisputable that in the near future should result in further increases, interspersed with larger or smaller adjustments.
Demand side should aim to break the recent high of 1.1337, which will open the way towards the next resistance 1,1371-1,1392. In the longer term expected growth in the level around 1.1495. In the vicinity of the last level, we could start a correction.
Alternative scenario assumes the defense of the level of 1.1337, which in turn will lead to a decline towards 1.1246 or even 1.1160.
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