Results of the last trading day EURUSD:
September 18, trading in the euro resulted in a decrease in EURUSD rate. High volatility was observed in all sessions. In the morning, the euro rose to 1.1710. In the American session, the euro fell against the dollar to 1.1652 against the backdrop of increasing the yield on 10-year US bonds at 3.06%. Demand for the dollar rose following the news that China from 24 September to impose higher duties on imports of more than 5.2 thousand. Items of US goods in volume of 60 billion dollars. The yield on 10-year bonds rose to 3.06%
Planned statistics (GMT +3):
At 11:00 the Eurozone will declare to change the balance of payments for July.
At 11:30 Britain will publish consumer price index, the retail price index, the index of purchase / ex-works prices for August.
At 12:00 in the euro zone will be released to change the volume of construction in July.
At 15:30 the US have declared that permits a change in the construction and the number of bookmarks of new foundations for August, as well as the balance of payments for the 2nd quarter.
At 17:00 a speech made by the head of the ECB, Mario Draghi.
At 17:30 US Department of Energy announced a change in the country's oil reserves.
Fig. 1 hourly chart of EUR / USD
Current Situation EURUSD:
Price EURUSD rose to high of the previous week. Buyers were not able to break it, as the news from China drove them back to the carrying line lb.
A maximum of the previous week had been made ahead of time. If buyers return to it again, it will increase the risk to pass 1.1725. Demand for the euro may rise to expectations that the Fed will not raise rates in December because of a trade war with China.
Technically, the EUR / USD stands for reduction. I examined different patterns suitable for the current situation. Yes, that indicate the update 1.1652. The question is, what now, market participants will react?
Today, the EURUSD pair is worth waiting for recovery do1,1766 euros. It is worth paying attention to the British statistics. Briton could become the locomotive for the major pairs in trading in Europe. If buyers return to 1.1740 from him waiting for a bounce. By the time of his early passing.
Forecast EUR / USD today Vladislav Antonov Alpari