Results of the last trading day the EURUSD
Tuesday, October 23 euro trading ended slightly up. No matter how hard to win back buyers EURUSD previously incurred losses, uncertainty around Italy and the UK to hold them back.
The European Commission has officially informed the Italian Government of the need to bring the country's budget parameters for 2019 in accordance with the fiscal requirements of the EU.
Italian Prime Minister Giuseppe Conte said yesterday that they have no other plan. The yield on 10-year government bonds in Italy jumps to 3.60%. Today in Asia it increased to 3.62%.
Planned statistics (GMT + 3):
At 11:00 the euro zone is to publish data on the change in the monetary aggregate M3 and lending to the private sector in September.
At 11:30 UK will present data on changes of approved applications for mortgage loans on the BBA figures for September.
At 16:00 the US will publish house price index for August.
At 16:45 in the US, there are an index of business activity in the manufacturing sector, the PMI index for the services sector in October.
At 17:00 the Bank of Canada will announce rate decision.
At 17:00 the US will declare the change in sales of new buildings in September.
At 17:30 US Department of Energy will publish a report on changes in oil reserves.
18:15 A press conference of the Bank of Canada.
At 21:00 in the US will be represented by Fed's Beige Book.
Fig. 1 hourly chart of EUR / USD
Current Situation EURUSD:
On Tuesday, the price reached the 45th degree, but before that to update the minimum was at 1.1508. The Italian problem is not the euro will greatly strengthen against the dollar.
Technical picture EURUSD between different periods contradictory. For me, this means that the pair EUR / USD should expect multidirectional vibrations today. According to the 1H and 4H venture today to consider the return of the price EURUSD to 45 degrees. (1.1495). I do not rule out the test 1.11440. This will depend on the incoming news from Italy and the UK. Any negative news - wait gj EURUSD test 1.1440. While the situation is not resolved with Italy, to buy euros at a price formation is very risky.
EURUSD Forecast for today Vladislav Antonov Alpari
Forex forecast and recommendations for today 24.10.2018: EUR / USD - the good news, GBP / USD - long positions, USD / JPY - up