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Main » 2019 » June » 14

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Results of the last trading day EUR / USD:


On Thursday, June 13 trades in the EUR / USD pair closed lower. The euro fell after breaking support 1.1285 (trend line and the lower boundary of the channel, 45 degrees - 1.1291). The pressure on the European currency increased after the IMF claims that the euro zone economy forecasts are uncertain.

 

 

Views: 74 | Added by: mik | Date: 14.06.2019 | Comments (0)

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Events today:

15:30 MSK. US: Retail Sales for May.

16.15 MSK. US: Industrial Production for May.


The euro dollar forex trading forecast for EURUSD today 06/14/2019
 

The main event of the day will be the publication of statistics from the United States, retail sales and industrial production for May. Traders should wait for both indicators worse than the median forecast, allowing EUR / USD show a good growth of quotations. Firstly, on retail sales is heavily influenced by household income, which in the United States begins to show a slowdown in growth. Secondly, ISM manufacturing index for the end of May fell to a minimum of the last two years, indicating that the decline in business activity in the industrial production. Additional support for the euro will have a bullish rally in the oil market, as between the EURUSD and BRENT observed a direct correlation.


EUR/USD recommendation: Buy 1.1269 / 1.1255, and take profit 1.1328

 

 

Views: 61 | Added by: mik | Date: 14.06.2019 | Comments (0)

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