Results of the last trading day EUR / USD:
On Wednesday, June 27, the euro fell against the US dollar by 93 points to 1.1553. The fall of the euro / dollar was due to the overall strengthening of the US currency, despite the decline in the yield of 10-year US bonds and weak statistics. Provided support for the dollar reports that the White House might soften its position with regard to limitation of Chinese investment in the United States. I did not consider the weakening of the euro below 1.16, so I was not ready for such market closure. I think it will last for a few days.
Planned statistics (GMT +3):
At 11:00 in the euro zone will be released by the Economic Bulletin of the ECB.
At 12:00 the Eurozone will present consumer confidence index, the index of business optimism in the industry, the index of sentiment in the economy and the sentiment index of business confidence in June.
At 15:00 Germany will release the consumer price index for June. According to the forecast, the index rose by 0.2% compared to May and by 2.2% per annum.
At 15:30 the US will declare the change in GDP for the 1st quarter and the number of initial applications for unemployment benefits.
At 16:30, a speech made by members of the Commission's Andy Haldane of the Bank of England.
At 17:45 he will make a speech FOMC member James Bullard.
At 19:00 a speech made by members of FOMC Raphael Bostic.
The current situation is EUR / USD:
Of the balance sheet line lb euro fell to MA line D3. During the Asian trading quotes declined to 1.1527. I believe that at the auctions in Europe, pressure on the euro will continue today, sellers will try to return the course to a minimum 1.1518 (June 21).
According to the forecast forward to weakening of the euro to 1.1504 (180 gr.). A drop below is not considered as an indicator between the AO and the price appeared bullish divergence. The price can go up to the correction from current levels.
A surge in volatility in the market is expected at 11:00 and 15:00 (GBT + 3). At 11:00 in the euro zone will be released by the Economic Bulletin of the ECB. At 15:00 Germany will release the consumer price index for June. From D3 good return to Lb, now it is far to 1.1632, but the closure of the day there will be in the region of 1.1585.
Forecast EUR / USD today Vladislav Antonov Alpari