FX.co - Breaking forecast 10/27/2017

2017-10-27T07:16:57

Long-term review

EURUSD: Strong signal downward. Trade selling.

On Thursday, on important news of the decision of the ECB, the EURUSD rate has made a strong turn down.

The news was positive for the euro - however, large investors chose the dollar side, as the data on the US economy is very strong.

The significant lows of 1.1723 and 1.1670 have been broken and the euro declined in the morning to 1.1625.

It is very likely the continuation of the downward movement is the first target of 1.1500.

Sell to upward rebound - sell at 1.1680.

Breaking forecast 10/27/2017

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ Breaking forecast 10/27/2017