Results of the last trading day EUR / USD:
On Friday, April 26, trading on the pair EUR / USD in the growth. Before the publication of the index of GDP in the US in the first quarter, market activity was low. The euro / dollar consolidated within 1,1124-1,1147.
Reported GDP qoq increased by 3.2%. Experts expect an increase of 2.0%. On news the euro dropped to 1.1111. Continued downward movement of the dollar has not received. Before the weekend the pair EUR / USD rebounded to 1.1174.
GDP index was significantly higher than market expectations, but at the same time decreased the index of personal consumption, which fell from 1.8% to 1.3% for the year. It is an important inflationary indicator for the Fed. In addition, the market expected high GDP figures for Q1. Buy expectations - sell the facts.
Planned statistics (GMT + 3):
In Japan, banks are closed in observance of Showa Day.
At 11:10 scheduled to address the head of the Bank of England Governor Mark Carney.
At 12:00, the euro zone will release consumer confidence index, the index of sentiment in the economy, the index of business optimism in industry and the index of business sentiment for April.
At 15:30 the US will present the main index of spending on private consumption, as well as be informed of the change in the level of expenditures and incomes for February and March.
The current situation is EUR / USD:
During Thursday and Friday in the EUR / USD pair formed a reversal formation. To adjust to the area of 1.1230, the market must check customers EUR / USD near 1.1130. If the buyer is the weak euro, and for him there are no big players, small speculators are out of the long positions and the big players at the expense of them will be able to buy euros below through limit orders. Not are risen in the first half of Europe to consider trading the pair EUR / USD, because Stochastic is in the sales area and the euro trend remains bearish. resistance zone is at 1.1190.
This week, investors will be focused on the results of the meeting the US Federal Reserve Open Market Committee and a report on US employment. It is expected that key interest rates will be left unchanged. After the meeting Fomc NFP report may be of no interest to the market.
See also : currency forex forecast for today 29/04/2019
Forecast EUR / USD rate Vladislav Antonov Alpari