Results of the last trading day EURUSD:
In the Monday, August 27, the euro closed by growth in most major currencies. It contributed to the strengthening of the general weakening of the US currency in response to Friday's statement Fed Chairman Powell. The market assessed his statement as a regulator willingness to slow down the process of raising the level of key interest rates.
With the support of cross-euro exchange rate rose to 1.1694. In Asia, buyers have moved to 1.1697.
Planned statistics (GMT +3):
09:45 France will provide an indicator of consumer confidence for August.
At 11:00 the Eurozone will declare a change of M3 aggregate money supply and lending to the private sector in July.
At 15:30 the US will be informed about the change in the balance of foreign trade in goods in July.
At 16:00 the US will release house price index from the S & P / Case-Shiller for June.
At 17:00 the US will publish the indicator of consumer confidence and the Richmond Fed manufacturing index for August.
At 23:30 the American Petroleum Institute (API) will release weekly US crude stocks.
Fig. 1 hourly chart of EUR / USD
The current situation is EUR / USD:
Growth pair EURUSD stopped at the 135-th degree Gann. The current rate of 1.1673. The US dollar traded in positive territory all major currencies, but the buyers are now supports cross. Technically, the pair is worth to decrease. For a downward correction to meet several conditions:
1. A bearish divergence between price and the indicator AO.
2. On the daily TF price reached the resistance, which was formed from the highs 1.1852, 1.1790 and 1.1747.
3. Truncated formation can complete upward movement from 1.1301 to 1.1697.
The economic calendar is empty for Europe. Sellers today have to be active and to close the day at 1.1650 and below. In this case, the daily TF formed an inverted hammer, pinbar, a shooting star. How to choose to call - signal bearish. If the entire increase to take Fibo grid, then 38% = 1.1545. This is the minimum that can be taken from the downward movement in the correction to the upward movement from 1.1301.
Now consumers in cross-pairs exhale - the euro will fly down. According to the forecast first forward EURUSD falling to 1.1638. If the trend line will not stand, then you can sit in shorts to 1.1595 - 1.1616 1. Stochastic is already in the shopping area. Too bad. If the dollar index unexpectedly unfold down the sentry bullish trend euro quickly recover losses. Since 112-135 gr reversal, so I expect a downward correction of EURUSD.
Eur usd EURUSD forecast today Vladislav Antonov Alpari