The results of the trading day the EUR / USD:
This week Brekzita theme dominates the currency market. Dynamics UK currency is under the scrutiny of market participants. Thursday sterling fell to dollar 2.3% to 1.2735. The fall caused the GBPUSD Novos be that the British Minister for Brekzita D. Raab resigned. Another bad news for the British began to talk about what T.Mey may make a vote of no confidence. Against this backdrop, the euro dropped to 1.1271, but buyers EUrUSD quickly recoup losses and renewed European maximum at 1.1362
Planned statistics (GMT +3):
At 13:00 the Eurozone will publish the consumer price index for October.
At 16:30 Canada will present data on changes in the volume of transactions with foreign securities and the volume of manufacturing sales in September.
At 17:15 in the US will report on industrial production and capacity utilization for October.
At 21:00 Baker Hughes will publish the latest data on the number of active drilling rigs for oil production.
At 00:00 the US will declare a change of pure and total long-term purchases of US securities by foreign investors in September.
Fig. 1 hourly chart of EUR / USD
Current Situation EURUSD:
Yesterday's rising channel from 1.1222 had to adjust. EURUSD price is above the line of the book, so it acts as support (1.1314). Lb above the bottom line is the channel on line 22 points. With falling prices EURUSD below 1.1295 on EURUSD growth scenario will be canceled. Also watch out for headlines about Italy budget. They can derail a couple.
According to the forecast obtained EURUSD continued growth in the channel pair to 1.1395 . If the euro will strengthen against the general weakening of the dollar, the moment EURUSD likely test 1.1430 mark. Stochastic top. Possible rollback r lb.
The focus of traders is a report on inflation in the euro area in October. If you do not disappoint, then up go away without rolling back. Experts expect that the annual consumer price index to remain unchanged at 2.2%. At 11:00 MSK stands ECB President Mario Draghi. Since this is not a press conference after the ECB meeting, its performance should not have a market impact.
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Euro dollar exchange rate forecast for EURUSD today analyst Alpari Vladislav Antonov