The night before, at 21:00 (GMT + 3) was published economic survey of the Fed - "Beige Book". The "Beige Book" states that the US economy continues to grow at a moderate pace, and the situation in the labor market is near full employment. The economic survey also mentioned that US employers expect a moderate rise in consumer prices in the coming months.
Today news background is not too saturated according to the forex calendar. Bidding for the British pound is worth paying attention to the statistics on retail sales in the UK in June, which will be published at 11:30 (GMT + 3). Bidding for the Canadian dollar is desirable to pay attention to the ADP employment report for June, which will be published at 15:30 (GMT + 3).
Forex Forecast EUR \ USD EURUSD today:
The course of the currency pair EURUSD has hardly changed over the past 24 hours. Currently, the EURUSD is at around 1.1641, which is only 8 pips higher than the level at which it was trading yesterday on the eve of the opening of trading in Europe.
From the perspective of the graphical analysis, the hourly timeframe (H1) EURUSD pair continues to be within the potential downward movement, about which I wrote yesterday:
I believe that the reasons for the growth of the euro there, and most of all, today and tomorrow EURUSD will remain within this potential downtrend channel. In my opinion, is much more likely that the chart of EURUSD pair will go to the bottom of the channel.
Forex reviews Vesselin Petkov Alpari