Daily Market Analysis from ForexMart

Luis ForexMart · 26.09.2016, 13:07

[SIZE=6]Fundamental Analysis EUR/USD: September 26, 2016

Euro proceeds in a 200 - 300 pips range weeks ago and is expected to keep steady in the remaining days of this month. The EUR/USD pair will continue to move in a bullish way considering that it is a new week which is the last week of September. There is no expected radical change in the market since currency movements this week is an outcome of the trading market activity last week

European banks hope to sustain the range of Euro which is crucial for market recovery since Brexit. However, it is difficult for investors who trade in the same region to afford two currencies wherein both happen to have low values as shown in the charts.

The only affluential news this Monday is the anticipated release of German Ifo Business Climate that concerns Euro this week. This day has a good start and the bullish bias will persist until later this day.[/SIZE]

[IMG]https://s3.amazonaws.com/files.websitetoolbox.com/14174/3072622[/IMG]

26.09.2016, 13:07	#11
Luis ForexMart Мастер Регистрация: 04.05.2016 Сообщений: 693 0 \| 0 0 \| 0	[SIZE=6]Fundamental Analysis EUR/USD: September 26, 2016 Euro proceeds in a 200 - 300 pips range weeks ago and is expected to keep steady in the remaining days of this month. The EUR/USD pair will continue to move in a bullish way considering that it is a new week which is the last week of September. There is no expected radical change in the market since currency movements this week is an outcome of the trading market activity last week European banks hope to sustain the range of Euro which is crucial for market recovery since Brexit. However, it is difficult for investors who trade in the same region to afford two currencies wherein both happen to have low values as shown in the charts. The only affluential news this Monday is the anticipated release of German Ifo Business Climate that concerns Euro this week. This day has a good start and the bullish bias will persist until later this day.[/SIZE] [IMG]https://s3.amazonaws.com/files.websitetoolbox.com/14174/3072622[/IMG] 0