Results of the last trading day:
On Wednesday, April 24, trading in the euro closed higher. The euro broke its 3-day fall. The main driver of growth of the pair become widespread weakening of the US currency. In a technical correction of market participants ignored the favorable statistics on housing and consumer confidence US market. The euro exchange rate adjusted to 45 degrees. to 1.2245.
To push the dollar correction could inability of return on 10-year US government bonds to consolidate above the psychological level of 3%. The test was today in Asia and there are risks to withdraw up to 3,018%.
Planned statistics (GMT +3):
At 14:30 the US will declare a change of oil according to the Ministry of Energy in March.
23:15 In a speech made by the head of the Bank of Canada Stephen Poloz.
Fig. 1 euro / dollar, hour period. Data source: TradingView
After the release of the euro recovered to the 45th degree of weak German statistics 1.2245. In Asia, the dollar is trading in positive territory all major currencies. Euro crosses are mixed. The economic calendar is empty today. In this regard, I look forward to the forecast decline of the trend line to the 45th degree of 1.2190. If the yield US10Y exceeds 3.00%, then we can at the moment to update the minimum.
Why do I consider the rebound from 45 degrees? Hour cycles show a decline in the euro, and the patterns of 120 bars after declining growth. Those. in the current situation, the crowd can themselves lead the pattern found patterns. And as the calendar is empty, especially not fall on anything.
EURUSD Forecast for today trader analyst Vladislav Antonov Alpari