Results of the last trading day EUR / USD:
In the Monday, May 13, trading in the EUR / USD closed lower. At the same time the American session EUR / USD exchange rate rose to 1.1264. Buyers euro managed to exceed the resistance of 1.1250 at 14 points. The sharp decline was probably caused by the escalation of the trade conflict between the USA and China. From this support was the yen, Swiss franc and gold. Chinese authorities announced the introduction on June 1, import duties on US goods worth $ 60 billion. The tariffs will be increased from 5% to 25%.
Fed spokesman Eric Rosengren said yesterday that the greatest concern is the question of whether the war trade tariffs between the US and China will lead to a slowdown in global economic growth or not.
Planned statistics (GMT + 3):
At 11:30 UK will publish the index of the average salary in March, the unemployment rate for March, applications for unemployment benefits in April.
At 12:00 in the German sentiment index will be released in the business environment of the ZEW in May in the euro area - data on industrial production for March, as well as the index of sentiment in the business environment of the ZEW in May.
At 13:00 the US will publish the index of optimism in the business community of NFIB in April.
At 14:00 OPEC will publish a monthly report.
At 15:30 in the US will import price index for April.
At 19:45 with a speech made by members of FOMC Esther George.
At 23:30 the American Petroleum Institute will release in the US report on oil stocks
The current situation is EUR / USD:
Expectations on the test level of 1.1250 justified. Currently the pair EUR / USD is trading around the balance line at 1.1239. Yesterday's day bar with a long shadow is "bearish" signal. The reverse movement against the bar can be at the level of 50-61%. In this connection it is worth waiting for EUR / USD quotes fall from 1.1250 to 1.1211 (45 oz.).
Despite my expectations for a weakening of the euro against the US dollar, on the hourly period for EUR / USD pair is saved "bullish" trend. Below 45 degrees passes trendline. If the flight from risk is not observed, it must contain the sellers.
Important data are scheduled for today. All the attention of market participants focused on the account of Donald Trump on Twitter. Now he sets the direction of the market there.
Do not miss : The forecast forex rates for today 14.05.2019 EUR / USD, GBP / USD , USD / JPY
EUR / USD Forecast for today Vladislav Antonov Alpari