Results of the last trading day:
On Monday, the single currency closed higher against the US dollar. Traders who opened short positions on the euro after Brexit, they begin to close as tired of waiting for his weakening. The Briton also actively strengthened anti-American, when it became known that the British Prime Minister David Cameron will leave his post on July 13 and it will be replaced by Interior Minister Theresa May.
Expectations for today:
On Tuesday, the dollar continued to decline. Today's news background More important for the British than for the euro. At 11:30 MSK the Bank of England will publish the minutes of the meeting, at 14:00 MSK - report on inflation. The Parliament will act M.Karni. This news will affect the euro in cross euro / pound. Strengthening the pound against the dollar will have a positive impact on a couple of euro / dollar, despite the decline in cross euro / pound. Asia this example.
News of the day:
At 11:30 MSK -publikatsiya UK Bank of England meeting minutes.
At 14:00 MSK - The quarterly report of the Bank of England. During the day, hearing the report on inflation in the parliament. Speech Carney.
At 16:15 MSK - performance FOMC member Tarullo.
At 16:35 MSK - performance FOMC member Bullard.
Intraday outlook: at least - 1.1052 (current in Asia), the maximum - 1.1102, closing - 1.1090.
Fig. 1 euro / dollar exchange rate, the time period. Data source: TradingView
Pound / dollar in Asia Friday renewed a maximum. The euro / dollar is traded remains inside Friday's range."Evrobyki" played a 70% loss of the 1.0002 low to 1.1120. Current quote is 1.1076.
I have already said that today the euro will have news from the UK through the cross EUR / GBP. The euro shot up from behind the line Lb Pound. On the hourly chart has formed a rising channel. I believe that the upward movement will continue on 1.1065 / 70. Once buyers overwrite Friday's high 1.1120, they will take the course at 1.13. Fed still is, will raise interest rates in July, so that the decline is not currently on anything.