16th, Forex Analysis

Today is going to be a volatile day for the dollar. Attention to the statements of Federal Open Market Committee, because their purpose is to implement appropriate monetary policy and if any interpretation left the door open to a cut in QE, it will cause an upside in the USD. Unemployment claims are also in the crosshairs of investors as a decline would support further cut in its expansionary policy.

As for the CPI in the euro zone, provided that the data is below 2%, it is understood that gives scope for expansionary policies implemented by the ECB, turning the current scenario where the dollar would be a stronger currency.



TECHNICAL ANALYSIS:


EUR/USD

Downtrend in the pair, there is an important support in $ 1.2848. Mindful of macro data today. For technical fibonacci fulfilled the first activates the second pulse with drop target $ 1.2784. The average of 50 sessions, with a negative slope and below the 200 day moving average, confirms the bearish scenario.

USD/JPY

Upside potential if macro news are positive. Average of 50 sessions with a positive slope above average of 200, hard break up the first fibonacci, with the idea of meeting its second activation levels in 104.24 yen per dollar. Accompanying strongly bullish indicators.