Results of the last trading day:
On Thursday, the euro / dollar closed in positive territory. pair Expectations were met. In the morning, the strengthening of the single currency was kept cross fall of the euro / pound after the publication of the British statistics. In the American session, EUR / USD rose to 1.1366 (the forecast was 1.1373).
Expectations for today:
In Asia, the price corrected to 1.1328. On this level I expect the resumption of growth of quotations to 1.1382.It may start from levels of 1.1313 / 10.
I think that for the full downward correction pair should update the maximum. The smaller the retreat from yesterday's high 1.1366, the euro will rise above today.
As a deterrent strength of the euro will perform weekend. The economic calendar is empty, so nothing prevents to move higher. On the weekly TF intermediate resistance 1.1415, the goal - 1.1550.
News of the day:
At 11:30 MSK United Kingdom - Net lending to the public sector in July.
At 15:30 MSK Canada index of consumer prices in July, the index of retail sales for June.
At 20:00 MSK - The number of rigs working at Baker Hughes data.
Intraday outlook: at least - 1.1328 (current in Asia), the maximum - 1.1382, closing - 1.1340.
Fig. 1 euro / dollar exchange rate, the time period. Data source: TradingView
On Thursday, the price has not reached the calculated level of 1.1373. After the release of positive British statistics cross euro / lb basis interfered with steam for a few hours. In this regard, "evrobyki" missed a good time for growth in trading in Europe.
Indicator AO unloaded to zero line Stochastic oscillator is in the shopping area. Ideal conditions to move yesterday's high at 1.1382. Then you can go into a correctional phase.