Results of the last trading day EUR / USD:
Monday trading the EUR / USD closed the slight increase. During the European session EUR / USD after Friday's fall corrected to 1.1247. Of the balance sheet lines of renewed euro selling. This was to be expected, since on the MA-local trend channels changed to "bearish".
Activity of market participants in a low ball, as they focus on the results of the two-day meeting of the Open Market Committee, which begins today. The regulator may make it clear, when there will be reduction of the basic interest rate. The market is already laid in the price decline in rates at the end of the year, but suddenly need to decline before.
Planned statistics (GMT + 3):
At 15:30 Canada will report on changes in the volume of manufacturing sales in April, the United States - to change the volume of building permits issued and the number of bookmarks of new foundations for May.
At 17:00 a speech the head of the Bank of England Governor Mark Carney and the ECB, Mario Draghi.
At 23:30, there are data on weekly crude oil inventories from the American Petroleum Institute (API).
The current situation is EUR / USD:
Expectations EUR / USD at yesterday's day were completely justified. Pair EUR / USD recovered to line LB (sma with period 55). After reduction to 1.1214, it is again returned to it, and a trend line (beginning from the top of 1.1344).
At the time of writing, the pair review EUR / USD is worth 1.1190. Since the euro crosses are in positive territory, while the Stochastic Oscillator in the sales area, the forecast EUR / USD waiting for a false breakout of the trend with dragging prices up to 1.1250 and the subsequent weakening of the euro to the horizontal channel's lower border. The Fed will announce its decision on interest rates on Wednesday, so the price is unlikely to greatly deviate from 1.1235. We believe, EUR / USD will be in the blue price channel.
EURUSD forecast and analyst today Alpari