Results of the last trading day EUR / USD:
On Friday, June 22, trading in the euro / dollar in the growth. US trade war with China and the EU have had a negative impact on the yield of US Treasury bonds. The yield on 10-year bonds fell from 2.92% to 2.59%. It had an impact on the dollar, and its positive impact on the weakening of the euro.
The single currency was also supported by the statistics for Germany and the euro zone, as well as representations of Italian politicians that their country does not leave the EU. The euro rose to a level of 1.1675.
index of business activity in the manufacturing sector in the US from the company Markit June amounted to 54.6 (forecast was 56.3, the previous value - 56.4).
index of business activity in the services sector in the US version by Markit for June amounted to 56.5 (forecast was 56.4, the previous value - 56.8).
Planned statistics (GMT + 3):
At 11:00 Germany will publish the indicator conditions business environment from IFO, an indicator of the current situation from the IFO and the indicator of economic expectations from IFO for June. If large deviations from the predicted values may be short-term fluctuations in the range of 15-25 points.
At 15:30 the US will release the economic activity index from the Federal Reserve Bank of Chicago in May.
At 17:00 the US will declare the change in sales of new buildings in May. An important indicator. Just do not always market reacts to it.
The current situation is EUR / USD:
quotes growth stalled at the level of 1.1675. Buyers have not yet been able to overcome the 135-th and 45-th degree from the lows 1.1508 and 1.1618 respectively. Once they have passed the level 1.1630 (the upper limit of the channel) and the euro rebounded to 1.1675, "bearish" trend weakened.
Currently, the strengthening of the euro against the US currency I regard as an upward correction. The trend line of the maximum 1.2400 (April 16) passes through the bottom of the current 1.1768. If the buyers will be able to pass it, then we can talk about the change of trend.
At the time of writing the Euro is worth $ 1.1639 review. Price came out of the channel, it is necessary to confirm the start of a downward correction to growth from 1.1508 to 1.1675. According to the forecast, first I'm waiting for the fall of up to 45 degrees - 1.1621.
If tsenaEURUSD return thereto to 11: 00-12: 00 (GMT + 3), the sellers can display thereon activity to rewrite at least 1.1618. In this case, activate the model of "double top". The purpose of it is at the level of 1.1560. I did not put a label on the chart, so keep it in mind.
If EUR / USD traders will not be able to pass the level 1.1620, then increase the risks to leave above 1.17.
Forecast EUR / USD today Vladisdav Antonov Alpari