Results of the last trading day EURUSD:
Friday's trading in the euro ended lower EURUSD pair rate by about one figure. The growth of euro quotations from 1.1440 support has stalled at around 1.1474. If EURUSD falling to 1.1420 looked like a technical correction, after the breakdown of the trend line 1.1412 depreciation of the euro has accelerated already stopped out and closing of short positions.
To take profit on long positions EURUSD pair has pushed buyers to its strengthening US dollar. He turned before Christmas. Plus buying it stimulated the sale of shares in the US stock market. The dollar and yen were defensive assets.
According to the results of last week, major currencies showed mixed trends. The US dollar Australian dollar fell (-2.02%), Canadian dollar (-1.58%) and New Zealand dollar (-1.24%). Increasing showed the Japanese yen (+ 1.95%), euro (+ 0.59%), British pound (+ 0.33%) and Swiss franc (+ 0.28%).
Planned statistics (GMT + 3):
The eve of the Catholic Christmas
Current Situation EURUSD:
After the breakdown of the trend line falling euro / dollar stood about 112th of a degree. 1.1384, from which it recovered to 1.1393. Given that the price on Friday fell two sessions in a row, the calendar is empty on Monday, and in the United States a shortened day, forward rate movements against the EURUSD Friday to book the line lb - 1,1420
Market participants reacted to the speech of the President Federal Reserve Bank of New York Williams. He said that the Central Bank will closely monitor the statistical data. With good data projections may change, and then they will revise the number of rate hikes in 2019.
The price of EURUSD is in a sideways range in the 2.5 figure since mid-November. I believe that the price will remain there until the end of the year.
EURUSD Forecast Today Vdadislav Antonov Alpari