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Message: [QUOTE="MikhailLF, post: 154729, member: 42242"] [b]LiteForex analitics. EUR/USD: general analysis[/b] Current trend Yesterday, the EUR/USD pair fell to the lows of the current year. USD strengthened against EUR due to ADP Nonfarm Employment Change release: in October, the value increased by 227K, exceeding the forecast by 189K. Its growth has a positive effect on the level of consumption, stimulating the economy and strengthening the currency. In September, Retail Sales in Germany rose by only 0.1% instead of the expected 0.5%, while on an annualized basis the figure fell by 2.6%. However, EU inflation’s growth exceeded market expectations. In October, CPI increased from 2.1% to 2.2%, and Core Consumer Price Index grew from 0.9% to 1.1%. US Manufacturing PMI release is due 15:45 (GMT+2) today. It is predicted that October indicator may fall for the second month in a row, from 59.8 to 59.0 points, which will affect USD negatively. Support and resistance On the 4-hour chart, the downward movement is in the correction towards the middle line of Bollinger bands. MACD histogram is in the negative area, keeping the signal to open short positions. Resistance levels: 1.1375, 1.1410, 1.1430, 1.1460, 1.1490. Support levels: 1.1355, 1.1330, 1.1300. Trading tips Short positions can be opened from the level of 1.1330 with the target at 1.1280 and stop loss 1.1360. Long positions can be opened from the level of 1.1375 with the target at 1.1430 and stop loss 1.1340. Implementation period: 1–3 days. [IMG]http://s1.radikale.ru/uploads/2018/11/1/7e0432cfb3887c789f1ab09146f70007-full.png[/IMG] [/QUOTE]

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