The euro is in a phase of downward correction against the background of the stabilization of the situation on the US stock market, contributing to the strengthening of the dollar. For the euro area on Friday came reports on US industrial production. In August production amount increased by 1%, and the annualized - 0.9%, wherein the forecasted increase by 0.4% and decrease by 0.2%, respectively. Posted confidence index Reuters / Michigan consumer was worse than the forecasted value, exerting downward pressure on the dollar. In October, the index value decreased to 99 when the forecasted value of 100.4.
The technical outlook of the euro EURUSD 15/10/2018, the exchange rate EURUSD pair was able to fend off the 1.1530 level. When attaching quotations EURUSD below the possible continuation of a downward correction, and depreciation of the euro to the level of 1.1440 and possibly lower. If buyers can pair EURUSD to consolidate above the level of 1.1570, it is possible to increase the resistance 1.1650.