Results of the last trading day EUR / USD:
On Thursday, 7 February, the euro / dollar closed lower. At auction in Europe EURUSD rate dropped to 1.1325. The pressure on the single currency has had a publication of the European Commission press release with lower forecasts for the growth of European economies in the 2019-2020 year.
The pair GBP / USD fell today reduced to the level of 1.2855. The pressure on the Briton had a decline in the Bank of England forecasts on the growth of the UK economy.
In the American session, the euro and the pound managed to partially win back losses. A weaker dollar caused the news that US President Trump and President Xi Jinping are unlikely to have time to meet before March 2, when new duties can be imposed. White House economic adviser Larry Kudlou said in an interview with Fox Business Network, China and the United States are still far from conclusion of a trade agreement.
Despite the fact that the euro rose to 1.1360, Thursday's closing price passed on EURUSD 1,1343
Planned statistics (GMT + 3):
At 10:00 am, Germany is to publish data on changes in the trade balance for December.
16:15 Canada announced changes in the number of bookmarks of new foundations for January at 16:30 - the change in the unemployment rate and the number of employees in January.
At 21:00 Baker Hughes will report on the number of active drilling rigs for oil production.
Current Situation EURUSD:
Expectations with a reduction in EURUSD were completely justified. The pair dropped to 135 degrees. Despite the fact that the EURUSD key support is at 1.1308, we begin to consider a reversal move up from current levels. At the time of writing, the euro is worth 1.1337 review. According to the forecast waiting EURUSD test 135 degrees and a rebound EURUSD rate up followed by breakdown of the two trend lines of vertices 1.1488 and 1.1434. To begin, consider the growth rate the EURUSD up to 45 t. - 1.1374. If the EURUSD will go on a forecast scenario, you need to wait for the breakdown of 1.1360. Once the buyers the EURUSD to consolidate above the designated level, the model of "double bottom" will receive a confirmation. After the test level in EURUSD is already possible to aim for 1.1405.
Eur usd EURUSD forecast today Vladislav Antonov Alpari