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Main » 2018 » October » 3 » The euro dollar technical outlook EUR / USD today 10/03/2018: EURUSD price was fixed above the balance line
The euro dollar technical outlook EUR / USD today 10/03/2018: EURUSD price was fixed above the balance line


Results of the last trading day EURUSD:

During Tuesday, October 2, EURUSD trading ended slight decrease. In the American session buyers played most of the losses that they have incurred in trading in Europe. Euro reeling from the situation in Italy, where the government has approved a budget deficit of 2.4% for 2019. The market calmed down, when the Deputy Prime Minister of Italy Di Maio said that the government has no plans to leave the EU.

US Federal Reserve Chairman Powell called his performance swings. The euro recovered to 1.1570, and the pair EUR / USD passed into corrective phase in which it was 9 hours.





Planned statistics (GMT + 3):  

From 10:15 to 11:30 will leave indexes of business activity in the services sector in September in Spain, France, Italy, Germany, the eurozone and the UK.  

At 12:00 the Eurozone will report on changes in retail sales for August.

At 15:15 the US will publish data on the change in the number of employees from ADP for September.

At 16:45 in the US will be released PMI index for the services sector in September, and in 17:00 - ISM index for the non-production sphere in September.

At 23:30 - performance of J. Powell..


Fig. 1 hourly chart of EUR / USD


Current Situation EURUSD:

News factor was stronger technical signals on which I relied. Nevertheless, buyers were able to win back losses in the US session. In Asia, they have strengthened their positions.

Price EURUSD jumped to the news that Italy plans to reduce its budget deficit to 2% in 2021. The news did not have a strong impact, because now 2018. You can throw away the promise and not fulfill them.  

From a minimum of 1.1505 euro rebounded by 67 degrees. Technically, nothing prevents buyers to raise the rate to 1.1613 (90 g.) In the correction. Ibid extends resistance, which was formed from highs 1.1630 and 1.1625.

If the media environment is not cast aside the negative news on the market Brekzit budget and Italy, before peyrolsom is likely to see growth of quotations EURUSD to 1.1650. 


From US statistics is to provide the ADP report and the index of business activity in the sphere of Markit and ISM services. The first indicator is important for traders to reconsider their open positions before the NFP. PMI indices are important for the US Federal Reserve.

Yesterday I wrote that the longer the price of EURUSD is moving against the cycle, the greater the rebound. Price without kickbacks may return to the 112-th c. - 1.1639 (today is the limit). The breakdown level 1.1552 (yield rates EURUSD from a local uplink), conversely, increase the pressure on buyers. EURUSD price is higher than Lb, so now it appears support for customers.


EURUSD forecast today Vladislav Antonov Alpari




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