Results of the last trading day EUR / USD:
On Friday, May 17, the euro trading ended in the red. Demand for the euro was weak due to the upcoming European parliamentary elections. At the auctions in Europe the EUR / USD dropped to 1.1158. From his price rose to 1.1179 against the background of the White House reported that President Donald Trump deferred a decision on putting tariffs on imported cars and parts to the EU and Japan.
The fall of the euro / dollar restrained the level of 1.1158. Support provided to its increasing cross euro / pound. The British pound came under pressure due to the news that the failure of the negotiations between the representatives of the ruling British Conservative Party and the opposition Labor pariah. Intensified concern about the impact of the likely resignation of Prime Minister Theresa May in the UK out of the EU structure.
Planned statistics (GMT + 3):
At 13:00 released the monthly report of the Bundesbank.
At 15:30 in the US economic activity index will be released by the Federal Reserve Bank of Chicago in April.
At 16:30, a speech made by members of FOMC Patrick Harker.
At 19:30 he will make a speech, Deputy Governor of the Bank of England's Monetary Policy Ben Broadbent.
At 20:00 he will make a speech of FOMC members John Williams, at 20:05 - FOMC member Richard Clarida.
The current situation is EUR / USD:
In Monday trading on the foreign exchange market opened lower on the dollar. In the morning, the leaders of growth were the Australian dollar. He went up in response to the election results in Australia, which won the ruling conservative coalition led by current Prime Minister Scott Morrison. Behind it rose other currencies.
The Canadian dollar strengthened against the background of the result of the OPEC meeting and the growth of oil prices by 1.7%. Minister of Energy of Saudi Arabia Khalid al-Falih said that between OPEC and oil producers allied consensus was reached with regard to continuation of supply constraints.
The euro did not hold on to peak in Asia, it fell to 1.1151. May 16 sellers of EUR / USD broke through the trend line. EUR / USD is in a downward channel and is currently located at 90 degrees (Gann level). Indicators ripened upward correction by graphical analysis is expected to fall EUR / USD to 112 degrees, and the bottom line of the channel. An ideal place for euro purchases. The situation for the reduction of EUR / USD to the area 1,1130-1,1135.
Read also : Foreign exchange forex forecast 20/05/2019
Analytics and forecast EUR / USD pair today Vladislav Antonov Alpari