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Main » 2018 » June » 22 » The euro dollar technical outlook EUR / USD today 06/22/2018: EUR Buyers are trying to turn the tide
The euro dollar technical outlook EUR / USD today 06/22/2018: EUR Buyers are trying to turn the tide


Results of the last trading day:

On Thursday, June 21, the euro trades in the growth. Buyers in the US trade played all morning and afternoon loss. In the area of ​​1.1545 buyers stopped its fall, the euro / pound. Cross-country euro came under pressure after the Bank of England. Euro then moved north after an Englishman. The euro rebounded from a low 1.1508 to 1.1634.

The main catalyst for the major currencies was a weakening of the US currency due to the release of the US and declining yields on US government bonds of weak statistics. business activity index from the Federal Reserve Bank of Philadelphia was the lowest since November 2016. Leading indicators index was also below market expectations.



American statistics:

The number of applications for unemployment benefits in the US 218 th. (Forecast was 220 thousand., The previous value is revised from 218 to 221 thousand.).

PMI in Philadelphia in June amounted to 19.9 (forecast was 28.9, previous 34.4).

Leading Indicators in 0.2% USA (prediction was the previous value of 0.4%).


Planned statistics (GMT +3):

From 10:00 to 11:00 will leave indexes of business activity in the services sector and the manufacturing sector in France, Germany and the euro zone. Indicators have an impact on the euro, if the market is in sideways, and market participants did not have the latest drivers for the movement.

At 15:30 Canada will release the consumer price index for May and will report the change of volume of retail sales for April. According to the forecast, the CPI rose by 0.4% versus April and by 2.6% per year, while retail sales remained at the level of March.

 At 16:45 the US will release index of business activity in the manufacturing and services sectors in June. That the manufacturing PMI index expected improved to 56.3 from 56.4 in May, and declined from 56.8 to 56.4 in the services sector.

At 20:00 Baker Hughes to publish its weekly report on the number of active drilling rigs for oil production.                


The current situation is EUR / USD:

Today review of EUR / USD with no schedule, as the price of the last hour maximum updated and canceled all marking the levels Gann. If you rely on yesterday's schedule, the price from 15 June traded in the corridor in the range of 1%. Sellers on Thursday tested its strength lower bound, but to gain a foothold below failed. Against the backdrop of weakening US currency in all major pairs followed by a rebound.

On Friday, the US dollar during the Asian session, traded in the red all currencies. At the time of writing, the euro is worth 1.1633 and review trading near 112 degrees. Buyers make an attempt to get out of the corridor 1.1515 - 1.1630. Technically, it would be difficult to implement, because clock overloaded indicators. Eeudachnaya attempt to expand the channel and then again have to go through the resistance. And in order to pass it is necessary to take the run.

Allocate resistance zone 1,1642-1,1650. If the buyers will not be able to slip it in the beginning of the European session, the locks false channel probe. In this case, we can expect a corrective movement to 1.1590 (book line, which strengthened from below the 45th degree).

On day period formed a reversal candle. Buyers will try to use it to boost the euro. When you exit price from the range of the closest targets at 1.1670 and 1.1706 will perform. Will otrbotaka goals on three grounds. 

Today EURUSD rate forecast Vladislav Antonov Alpari





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