Results of the last trading day EURUSD:
On Wednesday, December 12, the euro trades in the growth. EURUSD strengthening contributed news from Italy and the strengthening of the pound. The Government intends to agree to a target level of budget deficit of 2%. Theresa May won a vote on no-confidence vote. The euro strengthened to 1.1387 and now EURUSD is in a corrective phase.
Planned statistics (GMT +3):
At 10:00 Germany will present the consumer price index for November.
At 10:45 France will publish the consumer price index for November.
At 1115 in Switzerland will the producer price index and import in November.
At 11:30, the SNB will announce its rate decision at 12:00 pm - A press conference of the SNB.
At 12:00 will be released monthly IEA report
At 15:45 the ECB will announce a decision on the basic interest rate at 16:30 - Press-conference M.Dragi.
At 16:30 Canada will release the price index for new housing, and the US will present a price index for imports in November and be informed about the change in the number of initial applications for unemployment benefits.
Fig. 1 MA EURUSD channels 60 minutes
Current Situation EURUSD:
Yesterday's expectations with an increase in the euro / dollar is justified. The weakening of the US dollar and the growth of cross-pairs with the euro EURUSD buyers were able to climb over the trend line from 1.1443. Today did not make a prediction because at 16:30 MSK will hold a press conference M.Dragi. He has a strong influence on the pair with the euro, so it makes no sense to make a prediction. He may first tame the euro at the beginning of a press conference to raise the foot EURUSD sellers, and then to weaken. Or build your speech so that the euro will weaken first, taking with limit orders to buy and then will rise sharply. The range for the EURUSD fluctuations: 1.1315 - 1.1440.
EURUSD rate forecast today Vladislav Antonov Alpari