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Main » 2018 » July » 12 » The euro dollar technical outlook EUR / USD pair today 07/12/2018: euro price was fixed under the trend line
The euro dollar technical outlook EUR / USD pair today 07/12/2018: euro price was fixed under the trend line


Results of the last trading day EUR / USD:

On Wednesday, July 11 trading EUR / USD finished lower. Euro thrown in different directions in the European session, and the daily candle closed below the 1.17 level. On the dollar, the pound and the euro had a strong influence: the uncertainty in the UK Brexit and withdrawal from risky assets amid escalating trade conflict between the United States and China.



Due to the fact that China has retaliated against the new tariffs on Chinese goods, States are considering the introduction of new taxes in the amount of $ 200 billion. Department of Commerce representative of China said today that he is shocked by what is happening and expressed a lack of understanding as to why America changed its position after May talks, which resulted in all the media wrote that a trade war suspended.


Planned statistics (GMT + 3):

At 11:30 in the UK will report on lending conditions.

At 12:00, the euro zone is to publish data on the change in the volume of industrial production for May.

At 14:30 in the euro area the ECB meeting minutes will be released on monetary policy.

At 15:30 Canada will submit the price index for new homes in May.

At 15:30 the US will publish the consumer price index for June and data on changes in the number of initial applications for unemployment benefits. A speech of FOMC members Neil Kashkari.

At 21:00 in the US will be released monthly report on the federal budget in June.



The current situation is EUR / USD:

With a maximum rate of EUR 1.1758 down to 1.1665. Adjusted trend line at 1.1695 could not resist a minimum. Temporary support for the euro made the 67th degree. A pair of 13 hours is in a sideways trend. The range is very narrow, so there are risks to leave below the level of 1.1650. Down because the stochastic oscillator is at the top in the sales area.

Given the statements of Donald Trump, the sellers can easily go to a level of 1,623. Splash volatility in the euro market is expected to be 14:30 (GMT + 3), when the ECB report will be released. Economic calendar for Thursday lean, so the impact it will have news from China and the United States.


Foreign Exchange EURUSD forecast today Vladislav Antonov Alpari





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