Results of the last trading day EURUSD:
According to the results of last week, major currencies have shown an increase, except for the Canadian dollar. The largest increase in relation to the US dollar showed the Japanese yen (+ 1.33%). The New Zealand dollar has risen in price by 1.09%, the Australian dollar - 0.87%, the euro - by 0.23%, the British pound - to 0.31% and the Swiss franc - by 0.04%. The Canadian dollar was down 0.62%.
On Friday, the euro fell from 1.1610 to 1.1535. EURUSD fall contributed to the general strengthening of the US dollar, as well as increased yields on US government bonds. Also, the basic currency for a pulled the Canadian dollar against the backdrop of falling oil prices and the pound.
The pressure exerted on the British news Brekzitu, namely, reports that Prime Minister May not agree to a permanent UK membership in the customs union.
Planned statistics (GMT + 3):
At 10:15 Switzerland is to publish producer price index for September.
At 15:30 the US will publish data on changes in retail sales for September and the index of manufacturing activity from the Federal Reserve Bank of New York in October.
At 17:30 in Canada will be released quarterly review of the economic conditions and prospects of development of business of the Bank of Canada.
Fig. 1 hourly chart of EUR / USD
Current Situation EURUSD:
on Friday expectations were completely justified. After the breakdown of the trend line price quickly returned to the carrying line and the 45-th degree. In Monday trading opened lower on the euro. Outsiders were the British pound, as the stalled talks between Britain and the EU Brekzit.
At the time of writing, the euro is worth 1.1567 review. The price of EURUSD is under the carrying line. 17-18 October will be a meeting of EU leaders, which will discuss the budget in Italy. Today is the last day to EU member states to submit drafts of the European Commission draft budget for 2019. Emphasis will be on Italy. If the Italian government refuses to seek a compromise over the euro will be under pressure.
IMF representative said that Italy should respect the fiscal rules of the EU and to build up reserves in case of economic slowdown.
On Wednesday, the US Federal Reserve will publish the September meeting of the Monetary Policy report, on the basis of which the regulator raised the rate for the third time this year. According to the forecast EURUSD worth waiting for descent to 1.1476 to the opening of trading on Tuesday Europe. At present, the purpose of EURUSD in the area of 1.1505 / 10.
The euro EURUSD forecast today Vladislav Antonov Alpari
Do not miss: Forex Forecast and recommendations for today 15.10.2018: EUR / USD - a strong euro, GBP / USD - range trading, USD / JPY - buy