Results of the last trading day EUR / USD:
In the Monday, April 8, in the euro auction closed higher. First, buyers of EUR / USD pair went resistance 1.1240, supported by cross pairs. In the American session to 1.1274 growth accelerated. Traders are tired of waiting for the conclusion of a trade agreement between the US and China, as well as the results of voting on Brekzit. The worst scenario is already priced in. Before publishing the minutes of the March meeting they began to close long positions on the dollar.
Planned statistics (GMT + 3):
At 17:00 the US will be informed about the change in the level of vacancies and labor turnover from the Bureau of Labor Statistics for February.
At 23:30 the American Petroleum Institute (API) will release weekly crude oil inventories.
The current situation is EUR / USD:
On the general weakness of the dollar buyers EUR / USD went resistance zone 1,1250-1,1254. At the moment, the euro is worth $ 1.1270. Buyers are trying to continue to grow, but as all crosses with the euro traded in negative territory (except EURCHF), the euro is still under pressure.
On Wednesday, two important events are planned: a meeting will be held with the ECB press conference, Mario Draghi, and will be released minutes of the March meeting of the FOMC. If we add new headers by Brekzit, we get high volatility throughout the day.
Today, the economic calendar is empty, so the forecast EUR / USD should consider re-test support, which yesterday stood resistance. The EUR / USD approached the top of the support, so nothing keeps buyers to move it higher on the uplink to 1.1289.
The EUR / USD forecast today Vladislav Antonov Alpari