1 - 29 February Forex Monthly Forecast for EURO to Dollar
February Economic News
30 Jan.: EURO ZONE SUMMIT. USA Consumption, PCE and other price indexes.
31 Jan.: USA Employment cost, consumer confidence, Chicago PMI.
01 Feb.: USA ADP Employment, Manufacturing PMI, construction spending.
02 Feb.: USA Federal Reserve Chairman.
03 Feb.: USA Non manufacturing ISM Report (PMI).
04 Feb.: -
Monthly Forecast EUR/USD Time Frame Daily
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| FOREX Chart February Monthly Forecast EUR/USD Daily |
We have two alternative paths from the point EUR/USD=1.3240 (1.3220). This is 38% Fibonacci correction level from big bearish trend (Beginning EUR/USD = 1.4250; ending EURUSD = 1.2625 )
The Murrey Match FOREX custom indicator shows zero green level. It means that the price with the probability of 50% may go up or down at the next week and month. Look upscale EUR/USD Forex Chart:
Examine these charts. The Price of the EUR/USD Forex pair has crossed such indicators as exponential moving average 55 and approaching to exponential moving average 89. It has also crossed 38% Fibonacci Fan Forex Studies.
It is estimated that the next psychological level is EUR/USD = 1.3300
The Murrey Match FOREX custom indicator shows zero green level. It means that the price with the probability of 50% may go up or down at the next week and month. Look upscale EUR/USD Forex Chart:
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| FOREX Chart EUR/USD time frame Daily. Monthly Forecast. ground zone with Murrey Match and Fibonacci Fan indicators shows 50% from the previous sells wave. |
It is estimated that the next psychological level is EUR/USD = 1.3300
See also:
30 January - 6 February Weekly Forex Forecast EUR/USD
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