30
by amdudus
02.11.17
EUR
Background for shopping. Fixed at 1.1160 — buy for 1.1705 where I'm reading a profit and watch the volume for larger sales.
If from 1.1705 not unfold, there is a chance that pull above to 1.1759 that sell on rebound.
If you make a false breakout and return at 1.1660, sell for 1.1614, where to buy immediately on the rebound.
GBP
A break above 1.3296 can lead to larger rising trend update 1.3334, but much will depend on the decision of the Bank of England.
If rate will increase, it is likely a break above the 1.3334 update 1.3371 and 1.3412.
If you leave unchanged rate, will obvalimsya under 1.3244, and there sale in the district 1.3204, and is 1.3167 to start.
As for the technical picture, the EUR/USD pair, you count on further growth will be possible only after a real breakdown and consolidate above the resistance 1.1665, which is now focusing a lot of players. A break of this level will lead to the demolition of a number of stop-orders sellers that will confirm the upside momentum in the pair and give the possibility of correction in the district of 1.1700. In the case of another failed attempt of going beyond week highs, the pressure on the Euro may rise, which will lead to the return of the trading instrument in the range of support 1.1615.
All attention today will be focused on the decision of the Bank of England. Many experts and traders expect that the regulator will raise interest rate by 0.25 points, to 0.50. If this happens, the upward movement for the pound may continue, which will lead to the renewal month highs and growth beyond the boundaries of the major resistance in the 1.3340 area 1.3450 and 1.3560.
If the Bank of England will leave rates unchanged, the fall in the pound is inevitable. It is important to pay attention to the speech of the Governor of the Bank of England Governor Mark Carney and the inflation report.