24.09.201312:40 Forex Analysis & Reviews: EUR/USD. Forecast for September 24, 2013

Long-term review

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The investors did not react to the latest victory of Angela Merkel. Yesterday on the whole the data on PMI in the Eurozone and in the US was weaker than expected. The investors were selling the euro modestly amid the talks about forthcoming QE3 trimming. During his speech Mario Draghi was neutral.

Today at 12:00 UTC+4 Ifo Business Climate Index in Germany in September; forecast 108.4 vs. 107.5. However, yesterday the PMI indices were mixed there is a great possibility that today the figure will be worse than expected. At 17:00 UTC+4 US House Price Index in July.

The nearest bearish target is interjection of trend lines on the H4, 1.3462. The second target is 1.3412, the high of August 23, and the third target is 1.3387.

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