Results of the last trading day EURUSD:
On Monday, February 4th, the euro trades ended lower. In the American session, the US dollar rose to all currencies against the background of growth yield on 10-year US bonds. As written in a review of the ruble, investors and traders apparently considered a good employment report in the US, published on Friday. A stronger dollar restrained the index of industrial orders in the US. In November orders fell by 0.6% compared to the expected growth of 0.3%. Since these data for November, and the reaction was to them weak. EURUSD rate fell to 1.1424.
Planned statistics (GMT + 3):
From 11:50 to 12:30 will be released PMI index in the services sector in January in France, Germany, the eurozone and the UK.
At 13:00 the euro zone is to publish data on changes in retail sales in December.
At 16:30 Canada will declare to change the trade balance for December.
At 17:45 the US will release PMI index for the services sector from Markit for January, and 18:00 - ISM index for the non-production sphere in January.
Current Situation EURUSD:
Expectations with back quotes the EURUSD to 1.1454 and breakdown support to materialize. 45 degrees was broken, but the purpose of EURUSD at 67 degrees was reached. EURUSD course adjusted upward without volume, so keep the target for the euro sellers at 67 degrees - 1.1408. By lower channel line A-A of the target is at the level of 1.1370. Obstacle now stands Stochastic, which is in the shopping area. But this is not so terrible, because oscillators do not work against the trend. When it adheres strong movement in a zone less than 20% and will stay there until EURUSD not unfold.
LEDs are delayed and do not predict anything. They show the state of the market at the current time. It's like instruments that measure body temperature, pulse, blood pressure, etc. Leading one indicator - tick data supply / demand, which are displayed in a foot print. The volume also has secondary.
See also: Forex Forecast and recommendations today 05.02.2019: EUR / USD - the flat, GBP / USD - lateral trade, USD / JPY - reasons to buy
Euro dollar exchange rate forecast for EURUSD today Vladislav Antonov Alpari