EUR/USD Daily Forecast – 27 October

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Thursday, Oct 26 2017

EUR/USD Daily Forecast – 27 October

Euro was pushed lower in the course of the yesterday's session going all the way to 1.1650 area around which it finished the session. Decline was mostly due to ECB dovish stanzas regarding bond buying programme. As for tomorrow, focus will be on US GDP figures, but markets are likely still to be influenced by ECB. Any type of supportive candles around 1.16 and 1.1580 area would be short-term buying signal, while resistive candles above 1.17 and 1.1720 level would be short-term selling opportunity.

In long-term trends, we have no interest in buying the pair after this decline. However, we expect plenty of support around 1.15 handle.

More in this category: « GBP/USD Daily Forecast – 27 October AUD/USD Daily Forecast – 27 October »

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