Results of the last trading day EUR / USD:
In the Thursday, September 20, the euro / dollar closed higher. Evrobyki broke through the resistance zone of 1.1725 amid falling interest in risky assets. By the close of trading in the US price of EURUSD rebounded to 1.1785.
Pressure on the dollar strengthened after the release of GDP data for New Zealand (strengthening NZD), and in trading in Europe has intensified after the release of strong data on retail sales in the UK (strengthening GBP).
The dollar lost ground throughout the market with an increase in the yield of 10-year bonds and favorable data on the index of manufacturing activity and applications for unemployment benefits. This is overkill, so today the market should eliminate these distortions. The yield rose to its highest level in four months (3,099%).
Planned statistics (GMT +3):
From 10:15 am to 11:00 pm will leave indexes of business activity in the manufacturing and service sectors in September in France, Germany, the euro zone.
At 11:30 UK reported changes in net borrowings of the public sector in August, and at 13:00 - will be the balance of industrial orders Confederation of British Industry in September.
At 14:00 in the UK will be released quarterly bulletin of the Bank of England.
At 15:30 Canada will release the consumer price index for August and the report on the change of volume of retail sales for July.
At 16:45 the US will present the index of business activity in the manufacturing sector, the PMI index for the services sector in September.
At 20:00 Baker Hughes to publish data on the number of active drilling rigs for oil production.
Fig. 1 hourly chart of EUR / USD
Current Situation EURUSD:
1.1725 resistance could not resist. A weekly script, I did not expect the break. Above it worked protective stops, including mine, as well as warrants to purchase - BuyStop. Buyers EURUSD met resistance by 112-m degrees of 1.1785.
1.1776 - the current euro. Since crosses euros on tori in Asia traded in positive territory, in Europe, we should expect the pair to advance the upper channel line of 1.18. Hour cycle support script to decline, and they have not changed, and repeat exactly the ending weekly forecast. Only the price EUrUSD is one figure above the weekly forecast (1.1675).
Next week, a meeting of the US Federal Reserve. It is expected to raise rates by 0.25%. Improving built into prices, so traders will focus attention not on the rate increase and the next increase in December.
Also, market participants' attention is directed to the second day of the EU summit in Salzburg to discuss the treaty with Great Britain. The pound strengthened on expectations of progress in the negotiation process. If you start to do the negative news, the pound / dollar will unfold down after him - the other pair. Growth should not expect EURUSD to 1.18, followed by the fall of the euro to 1.1746. When the fixing aggressive price EURUSD and rebound from the top line of the channel - 1.1888, it can go back to the bottom line of the channel - 1.1688.
The euro EURUSD forecast today Vladislav Antonov Alpari