Analysis and Forecast EUR / USD - Weekly review (14.11-18.11)
In my opinion, the beginning of the week should elapse for the local correction towards resistance level at 1.09 and 1.0938. Another fairly distant goal can be the level of 1.10. Higher price levels should be a good opportunity to open short positions. After adjusting I expect further declines toward this year's lows (1.0709)
It should be emphasized that the dollar should remain strong against the euro, which will be affected by the action of central banks. The ECB still faces the problem of low inflation, which should lead to changes in the QE program. The next meeting is scheduled for December. By contrast, the Fed is likely to raise interest rates at last year's meeting. Chances are valued by the market at present 81%.
It should be emphasized that the dollar should remain strong against the euro, which will be affected by the action of central banks. The ECB still faces the problem of low inflation, which should lead to changes in the QE program. The next meeting is scheduled for December. By contrast, the Fed is likely to raise interest rates at last year's meeting. Chances are valued by the market at present 81%.