Forecast of EUR / USD for January 9, 2019

EUR / USD

On Tuesday, economic data for the euro area countries came out worse than expected. German industrial production in November fell by 1.9%, France's trade balance for the same period worsened the balance from -4.1 billion euros to -5.1 billion work schedules, daily and H4.

To continue the price reduction, it is necessary to fulfill the previous condition, to consolidate below the line of the price channel on the daily scale chart of 1.1407. Overcoming this level will automatically correspond to price fixing under the Kruzenshtern line on H4. In this case, we expect a decline to 1.1309, the minimum of January 3, December 11 and November 30.

We are waiting for the development of the current situation in this way.

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