Forex Analysis & Reviews: 03.11.2021 - Hot forecast for EUR/USD on...

Live Chat

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

开户

另见

交易条件

外汇分析

图表

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

如何开始交易

有用信息

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM 系统

外汇跟单系统

被动投资

OYS 帐户

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

主页

合作伙伴区域

同盟的优势

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

比赛

事件

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

论坛

我们在社交网络

外汇幽默

外汇门户

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

为什么选择我们

InstaSport

法规

公司新闻

奖项

InstaForex 明星

InstaForex 线下

Headquarters

关键文件

的社会责任

InstaForex洛普莱斯队 - 达喀尔拉力赛的正式参与者

03.11.2021 09:19 AM

Hot forecast for EUR/USD on 11/03/2021

The only thing that interests market participants today is the results of the Federal Open Market Committee. Everything else does not matter at all. Fortunately, practically no macroeconomic data is published. So investors can calmly concentrate all their attention exclusively on the Federal Reserve meeting. And there are three possible scenarios for the development of events. The first two are that the US central bank announces the beginning of the curtailment of the quantitative easing program. The only difference is that this process can begin either in November or in December. In both cases, the dollar will start to grow steadily. The only question is the scale of its growth. If the reduction of the program begins only in December, then the dollar will grow a little more slowly. It should be noted that yesterday, after the opening of the US trading session, the dollar strengthened its position somewhat, so that investors are more likely to prepare for exactly one of these two scenarios. The third scenario is fundamentally different from the first two, and it consists in the fact that consideration of the issue of scaling down the quantitative easing program will be postponed to the December meeting of the FOMC. The likelihood of such a development of events is rather small, but in no case can it be ruled out. And in this case, the market will behave in a completely different way. The dollar will probably start to actively lose its positions.

The US dollar has partially recovered its lost positions against the euro, but price changes are insignificant. To a greater extent, there is a stagnation in prices due to a key economic event.

The technical instrument RSI in the hour period follows the level of 50, which confirms the signal of stagnation in price.

From the point of view of market cycles, the price is fully recovering relative to the corrective move 1.1530 ---> 1.1692.

Expectations and prospects:

Due to the fact that the FOMC results will be announced today, the market may initially stagnate, and after speculative leaps, depending on the decision of the central bank. Traders consider the current year's local low of 1.1524 as a reference point of support. The current level of 1.1700 can play the role of resistance.

Complex indicator analysis has a variable signal based on short-term and intraday periods due to price stagnation. Technical instruments in the medium term have a sell signal in the form of a downward cycle.