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Main » 2019 » February » 6 » The euro dollar technical EURUSD forecast for today 02/06/2019: The movement of EUR / USD «south» continues
The euro dollar technical EURUSD forecast for today 02/06/2019: The movement of EUR / USD «south» continues


Results of the last trading day EURUSD:

Tuesday, 5 February in the euro auction ended lower. The fall of EURUSD pair has resumed with the opening of the European session and the efforts on the US. By the close of trading in Europe, the euro fell against the dollar to 1.1401, despite the publication of weaker than expected data on activity in the services sector in the United States.

"Briton" weakened the dollar to 1.2925 on weak data on business activity in the UK services sector, as well as the overall strengthening of the US currency.





Planned statistics (GMT + 3):  

At 12:00 in the euro zone will be released by the European Commission forecast the economy.

16:15 Canada announced changes in the number of bookmarks of new foundations for January at 16:30 - a change of building permits in December.

At 16:30 the US will publish data on changes in labor productivity in the non-manufacturing sector and the level of labor cost for the IV quarter, as well as trade balance for November.

At 18:00 in Canada will be released PMI managers from Ivey in January.

At 18:30 US Department of Energy will publish a report on oil stocks.



Current Situation EURUSD

On Monday, EURUSD sellers hit the 45 th c, on Tuesday -. 67 th c. In Asia, quotations EURUSD dropped to 1.1392. Small rebound EURUSD expect from 1.1380 (90th c.), As the cycles falling EURUSD is expected before February 8, that is, the correction will be, but it's worth considering buying from Friday.

Given the speed of the attenuation euro projected EURUSD, drop to the bottom of the channel pairs A-A line or 1.1368. If you sell the euro dollar increased markedly, then to the level of 1.1356. Be prepared that at the time the EURUSD able to fall to 1.1325. At this level, I am waiting for the fall of the euro to the Friday closing.


See also :  Forex forecast, analysis and recommendations for today 06.02.2019: EUR / USD - France's problems, GBP / USD - bluffs whether T. May, USD / JPY - The continuation of the upward trend


EURUSD forecast today Vladislav Antonov Alpari



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