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Main » 2019 » May » 15 » The euro dollar technical outlook EUR / USD today 15/05/2019: traders EUR / USD pair broke through the trend line
The euro dollar technical outlook EUR / USD today 15/05/2019: traders EUR / USD pair broke through the trend line


Results of the last trading day EUR / USD:

In the Tuesday, May 14, trading in the EUR / USD pair closed lower. With 1.1243 euro \ dollar fell to 1.1201. Support were 45 degrees and the lower boundary of the rising channel. Probably swings during the past days is Trump. States raised tariffs on Chinese goods. China on June 1 raises duties on US goods. Trump said that trade negotiations with China will continue and expects that they will be completed successfully. China's government has confirmed that they have agreed to continue trade talks.





Planned statistics (GMT + 3): 

At 15:30 Canada will present the consumer price index for April.

At 15:30 the US will report on changes in retail sales for April and will release the index of activity in the manufacturing sector from the Federal Reserve Bank of New York in May.

At 17:00 the US will publish housing market index from the NAHB for May.

At 17:15 he will make a speech of the ECB board member Benoit Kerry.

At 17:30 the Ministry of Energy will publish data on crude oil inventories.

At 19:00 a speech made by members of FOMC Thomas Barkin.

At 23:00 the US will be informed about the change in the total and net purchases of long-term securities by foreign investors in March.



The current situation is EUR / USD:

Expectations to the weakening of EUR / USD rate to materialize. In Asia, the euro broke through the trend line sellers. The current price of EUR / USD - 1,1200.

Preliminary data on GDP growth in Germany showed an increase of 0.4% in the first quarter of 2019, in line with expectations. Annual growth rate slowed more than expected, to 0.6% of the previous value of 0.9%. The market reacted to a slight decrease, and it is enhanced with the latest quotes.

According to the forecast EUR / USD today, traders should wait for the weakening euro against the US dollar to 67 degrees (1.1185). If the fall EUR / USD will take place against a background of reducing cross, then to 1.1175. When approaching rate EUR / USD pair to the 1.1185 level need to look at the volume of futures on the euro, as well as the dynamics of the yen and gold. Strengthening of the yen and gold will indicate the pressure amplification.


Do not miss: The forecast pair EUR / USD, GBP / USD, USD / JPY


Analytics and EUR / USD forecast today Vladislav Antonov Alpari



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