Results of the last trading day EURUSD:
Tuesday, October 30 euro closed lower. Buyers twice tried to reverse the situation, but to no avail. The euro fell against the dollar to the level of 1.1341.
Weakening EURUSD supported by several factors:
1. The euro remains under pressure due to uncertainty around Italy. Against the backdrop of a weak GDP index in Italy for the quarter increased yields of Italian bonds. The difference with a yield similar German securities increased to 300 points. With the new draft budget until silence.
2. The authorities of the United States are ready to introduce tariffs on imports from the rest of China by early December, when new trade agreement will not be reached. This was Donald Trump said in his Twitter. The yield on US 10-year bonds jumped up. The dollar strengthened throughout the market.
Planned statistics (GMT + 3):
At 10:00 am, Germany is to publish data on changes in retail sales for September.
At 10:45 France will publish the consumer price index for October.
At 12:00 Switzerland will present the expectations index of Swiss investors, according to ZEW and Credit Suisse in October.
At 13:00 the Eurozone will release the consumer price index for October and announce the change in the unemployment rate in September.
At 15:15 the US announced a change in the number of employees from ADP in October.
At 15:30 Canada will report on changes in GDP in August and will present the producer price index for September.
At 16:45 in the US will be released PMI Chicago in October.
At 17:30 US Department of Energy report on changes in stocks of oil.
Fig. 1 hourly chart of EUR / USD
Current Situation EURUSD:
Reversal formation in the EUR / USD pair has not worked. The external background was stronger technical signals. EURUSD price back to a minimum of 26 October. At the time of writing, the euro is worth 1.1340 review.
In Asia, the US dollar shows mixed results to its competitors. In the black traded franc and the pound, and the rest went into negative. Today, the attention of traders will be focused on the index of retail sales in Germany and inflation in the euro zone. If stocks will not fall, their attention shifts to a meeting of the Bank of England (Thursday) and an overview of the labor market in the US (Friday). The market will start to prepare for these events.
What to expect from the EURUSD today?
Price EUR / USD lies on the support. Taking into account external factors and the overall strengthening of the dollar against a background of growth yield of 10-year US bonds, the forecast should not expect falling of pair EUR / USD up to 90-th degree through the 1.1309 retracement to 1.1355.
The level of 1.1365 is the reference point. Now Lb is at around 1.1371. If we consider the rollback time, the line will meet with the price at the level of 1.1365. If it is broken, the prognosis does not work today. 45th grade at the top of the channel, which is built from the lows. It acts for the purpose of customer EUR / USD, if they will be 1.1365.
Rotted the EURUSD today Vladislav Antonov Alpari