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Main » 2018 » August » 16 » The euro dollar technical outlook EUR / USD today 16/08/2018: Technically, the euro is worth for sales
The euro dollar technical outlook EUR / USD today 16/08/2018: Technically, the euro is worth for sales


Results of the last trading day EURUSD:

On Wednesday, August 15, at the euro trading ended slightly up. Against the background of partial profit taking after the recent collapse in the price of the pair EURUSD rebounded from 1.1301 to 1.1345. Stabilization of the Turkish lira in the neighborhood of $ 6, as well as the downward correction of the US currency in response to the decline in US bond yields, triggered the strengthening of the euro. 





Planned statistics (GMT +3):

At 11:30 Britain will publish data on changes in retail sales in July.  

At 12:00, the euro zone will publish data on changes in the balance of foreign trade in June.

At 15:30 Canada will report on changes in the volume of manufacturing shipments for June. Also at this time, the US will release its manufacturing index for August, the Federal Reserve Bank of Philadelphia, statements of changes in the number of initial applications for unemployment benefits, as well as the volume of building permits issued and the number of bookmarks of new foundations for July.


Fig. 1 hourly chart of EUR / USD


Current Situation EURUSD:

The Turkish Lira is not hinders euro. It helped strengthen the message that Qatar has promised to make direct investments in Turkey in the amount of 15 billion dollars. 

In Asia, with the support of cross-couples the euro rebounded to 1.1391. Reverting to 67 degrees from 1.1301. Technically, the euro stands beautifully at the upper channel line with the trend in sales. In this model, better put a stop over 1.1440.


Since this stop you can find a large, nearly 50 points, the players on EURUSD worth waiting for prices closer to the 90-th degree. Here, based on yesterday's day legged dodge. After such a spark price is adjusted by 50% and new growth begins. Because in the morning the rising euro has begun without a rollback, you should wait for the weakening euro to 1.1362 / 65, followed by a session EURUSD rally to 1.1408.  


Warning : against the trend scenario for growth can not work. Pressure on the euro remains strong. Keep an eye on the dynamics of yield of US bonds, the rate of the Turkish lira and cross - pairs with the euro. Important data today for yourself do not see.


The euro EURUSD forecast today Vladislav Antonov Alpari




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