The EUR / USD completed yesterday's trading a slight decline, despite the fact that at the beginning of the American session, the euro was able to update the customers week high. Driver for short-term growth of quotations became economic statistics from the United States, according to which sales of existing homes in April fell to 5.19 million., Against 5.21 million. A month earlier. The experts expect to see the figure at 5.35 million.
Fast enough sellers EUR / USD managed to win back all the losses, since the pressure on the European currency had news from the UK and the British pound sterling. Theresa May yesterday unveiled a new Brexit plan that is ready to submit for consideration by Parliament. This event had a short-term support of the British currency, the pound and then turned back down as leader of the Labor Party, Jeremy Corbyn, he said that his party will not support the new proposals May. In fact, it means the failure of the next vote on the bill on Brexit and resigned May, which will increase the political uncertainty in the UK and the probability of a "hard» Brexit scenario that will have a strong negative impact not only on the United Kingdom economy but also for the EU.
Today, among the most significant events in the economic calendar is to provide the ECB President Mario Draghi and the publication of minutes of the last meeting of the FOMC. Both of these events may clarify the situation with the future plans of the most influential financial regulators in the world.
On the EUR / USD chart yesterday held a retest of resistance at 1.1180, from which the EUR / USD bounced down hard enough. So while on this instrument remains a priority bearish scenario in which expect to reduce the EUR / USD quotes 1.1140 to 1.1100 and.
resistance levels EUR / USD: 1.1180, 1.1220, 1.1260.
Levels of support for EUR / USD: 1.1140, 1.1100, 1.1000.
The main scenario - reduction of EUR / USD at 1.1100 area.
Alternative scenario - the development outset in between the levels of 1.1140 and 1.1180.
In the market of important news are expected today which may change the fundamental background on the market, but on the EUR / USD chart is dominated by long bearish signals, so intra-day Priority is given to the euro sales.
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Based on materials FortFS