Results of the last trading day:
In Monday, March 12, trading in the euro / dollar ended little growth. Price fluctuations have been mixed. At auction in Europe evrobyki upgraded to a maximum of 1.2340, from which the euro fell to 1.2290. If we talk about the intraday dynamics, it was similar to Friday.
In the American session, the euro regained all the losses and the updated session high against the general weakening of the US dollar and the decline in yield of US bonds. The yield on 10-year bonds fell from 2.9135 to 2.8626. On Monday, the day was skimpy on the news, so this price movement was expected.
Planned statistics (GMT +3):
09:30 France will report on changes in the number of people employed in non-farm for the 4th quarter of the sector.
At 13:00 Germany and the euro zone was to publish an index of economic sentiment from the ZEW.
At 14:30 Britain will publish the annual budget.
At 15:30 in the US consumer price index will be released in February.
At 17:30 will make a speech the Governor of the Bank of Canada Stephen Poloz.
Fig. 1 euro / dollar, hour period. Data source: TradingView
We have two similar intraday figures who formed the two grounds together. Right base shifted upward. According to him, I will consider further strengthening of the euro against the dollar to 1.2362, as the area of 1.2273 - 1.2390 is now a strong support. Cycles per hour TF is also looking up.
At the time of writing, the euro should review 1.2326 (-0.06%). The dollar was trading at most major currencies in the black. In crosses with the euro is mixed dynamics.
On Tuesday, investors' attention will be focused on data about the level of consumer prices in the United States. An important indicator for the Fed, as the expected increase in the basic interest rate in the United States by 0.25% next week.
Vladislav Antonov Alpari