Results of the last trading day:
On Friday, in many countries was a public holiday. Activity was low in the foreign exchange market. The response to data in US absent. Most likely, their markets will play on Monday afternoon.
The third estimate of the growth of US GDP in the IV quarter, revised upwards from 1% to 1.4%.
Market expectations for today:
28 March is also a public holiday in many countries, so the activity of recovery can only be expected on Tuesday. But volatility will increase with the arrival of American participants. At auction in New York waiting for a drop to 1.1120 and closing at 1.1150 area.
Euro / dollar traded in a narrow range between the levels 1,1145-1,1190.
News of the day:
- At 15:30 MSK US is to release data on the change in personal income and spending for February, and so on basic expenditures price index for personal consumption for February.
- At 17:00 MSK US, there are data on the number of pending home sales for February.
Intraday goal: maximum - 1.1170 / 75, minimum - 1.1120, closing - 1.1150. Intraday volatility over the past 10 weeks: 103 item (4 digits).
The euro / dollar is trading below the line lb. Given that the market is thin, it is possible going beyond the price range 1,1150-1,1170 (corridor dvatstal over the past four trading hours). Given that Europe is resting, then wait until the US session of the price movement in a narrow range. As the fight conducted under the Lb and the cycles of these days I have obtained a decrease in the euro, the evening waiting for test 1.1120 level.