Technical analysts forecast forex euro dollar (EUR / USD) as of today 05/05/2017
Euro paired with an American first half of trading on the currency market held under pressure. In Asia, the euro dollar beginning in the area of 1.0930, and headed for the support of 1.0900. Bears successfully broke through the support and quotation EUR / USD fell to 1.0870, this level sellers could not be overcome. News from Europe went better than expected and helped the Bulls to regain the initiative. EUR / USD quotes successfully broke through the level of 1.0900, and the pair went to the area of 1.0950, which also has been successfully passed. At the time of writing, the pair is trading at forecast 1.0970-75
Forex Forecast EUR / USD recommendation 05/05/2017
On 5 May the euro dollar, investors should wait for further growth to 1.1000, and if successful consolidation above 1.1040 where necessary to wait for the correction. If the resistance 1.1000 resist, likely rebound to 1.0950, where a retest of 1.1000 mark. Alternative for EUR / USD decline from current levels and the breakdown of 1.0950 support will return the euro to 1.0900 - 1.0870. Today NFP report will be released in the United States, and against this background that likely increased volatility, which could drive the price above 1.1040 and below 1.0870.
Forex Technical Analysis Currency pair pound dollar GBP / USD on 05/05/2017
Briton paired with an American, as the euro started trading on Forex Thursday decline, sellers sterling confidently struck the mark 1.2900, headed to 1.2850 and even were able to overcome support. and quotes in GBP / USD fell to the 1.2830 point. Where bears have begun to buy a pound and the greenback lost all their positions. Pound dollar returned to the 1.2900 resistance broke and now is trading around 1.2910-20.
Forex GBP / USD recommendation 05/05/2017
Players pound May 5, should not expect reduction in the breakdown of 1.2900 and retest 1.2850 support. in case of breakdown and fixing the decline continued to 1.2830-20. Alternative pound sample and consolidation above 1.2960 will give a chance to the British currency to test the level of 1.3000-10
Forex. Forecast the dollar yen pair and Technical Analysis USD / JPY on 05/05/2017
USD / JPY on Thursday adjusted from 112.80-90 resistance, the whole day trading quotes declined and the dollar yen pair tested the 122.40 level - 30, but overcome it bears have failed. And USD / JPY beginning to consolidate around 112.40
Forex USD / JPY recommendation 05/05/2017
Today, May 5 will report on the US labor market, and market participants are cautious before the publication of the report. Traders should wait to the flat trading, first USD / JPY growth to 112.80, where the bears will try to re-test support 112.40-30. Alternative: break of the level 122.80 will lead the pair to test 113.00 and possibly higher. Just sample 112.40-30 enable sellers to continue to decline towards 112.00
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