Results of the last trading day EUR / USD:
Tuesday, July 3, at the euro trading ended slightly up. At the beginning of the European session, the euro rebounded to 1.1673, after which the market moved in a corrective phase. The dollar had a positive statistics from the US. Volume production orders exceeded expectations and was higher than the previous value.
On the eve of the US Independence Day, the activity of traders in the market was low.
manufacturing orders index in U.S. June amounted to 0.4% (prediction was 0.1%, the previous value is revised from -0.3% to -0.4%).
Planned statistics (GMT + 3):
From 10:15 to 11:30 will be released PMI Markit services sector in June in Spain, Italy, France, Germany, the eurozone and the UK. Of all PMI indices strong impact on the market has it the British.
In the US output - the Independence Day.
The current situation is EUR / USD:
On Tuesday, the goal was not achieved. Price moved into corrective phase above the carrying line. On Wednesday trading in Asia, the price rose to a level of 1.1679. With him, she retreated to 1.1660 and currently trades at 1.1673 again.
At the level of 1.1680 is strongly resisted. There are different lines converge from the top. If the buyers will, it will move to the level of 1.1700. According to the forecast, I'm waiting for the close of trading in Europe, the euro weakening to 1.1600.
Today is a holiday in the United States - Independence Day. The attention of traders will be focused on data on the level of business activity in the service sector in different regions. Of all the important is the British index PMI.
In the second half of the week will be published a new piece of statistics in the United States. minutes of the meeting the US Federal Reserve Open Market Committee will be released on Thursday. On Friday, there are data on the employment market in the US in June. Also on Friday, will take effect US duties on some Chinese goods.
Forex forecast for today EUR / USD Vladislav Antonov Alpari