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Main » 2019 » March » 15 » The euro dollar technical outlook EURUSD today 15.03.2019: before the weekend likely to test the trendline
The euro dollar technical outlook EURUSD today 15.03.2019: before the weekend likely to test the trendline


Results of the last trading day EURUSD:

At Thursday, March 14, the euro fell against the dollar to 1.1294 after four days of growth. The market downward correction was observed in all major pairs. All investors' attention was focused on the voting on Brekzit.

Yesterday, in the UK it took several votes on the country's exit from the EU. British MPs voted for the extension of deadlines Brexit until June 30, when the deputies will approve the agreement with the EU until 20 March. They also voted against a new referendum.





Now Theresa May should turn to the EU formally requested the extension of the Article 50 of the Treaty of Lisbon. Then the EU (27 countries) must unanimously decide to postpone the date Brexit or not. The high volatility of the pound will continue for a few more days.


Planned statistics (GMT + 3):  

At 13:00 the Eurozone will publish the consumer price index for February.

At 15:30 Canada will present data on changes in the volume of manufacturing shipments in January, and the US - an index of manufacturing activity from the Federal Reserve Bank of New York in March.

At 16:15 the US will publish data on industrial production for February.

At 17:00 in the US will be released consumer confidence index from Reuters / Michigan for March.

At 20:00 Baker Hughes to publish data on the number of active drilling rigs for oil production.

At 23:00 the US will declare a change of pure and total long-term purchases of US securities by foreign investors in January.



Current Situation EURUSD:

Yesterday did the forecast scenario, but the priority was a correction, as the price strayed from 135 degrees and was in the turn area. Buyers EURUSD attempted to resume growth of 22 degrees, but we can see that the bullish trend faded against the background of strengthening of US dollar. Price returned to the trend line and Lb.

Before the opening of the European session, the euro / dollar is trading at 1.1317. In Asia, the euro strengthened to 1.1327 after the Australians and New Zealanders. As the trend line has been broken, and we expect news on Brekzit, there is a tendency to upgrade high 1.1338. In addition, US President Donald Trump in a statement hinted at a possible conclusion of the deal with China in the next 3-4 weeks. It's good for risky assets, including the euro.

Eurozone today will publish final inflation data for February. The only indicator that can provide short-term impact on the euro. According to the forecasts expected annual CPI growth of 1.5% and the increase baseline - 1.0%. However month indicator may reflect a decrease of 1.0% against the preliminary values ​​of + 0.3%.

According to the forecast EURUSD worth waiting for a bad test 1.1330 and test the trend line. EURUSD forecast until March 19 to show a vision for a few days. The decrease to 67 grams. It can be viewed only after tdhj sellers will trendline. According to the forecast EURUSD breakdown falls on a Monday, but it can happen in the US session.

From 10:00 to 14:00 on March 15 March 18 batcher reduction phase. I warn you that cycles do not look into the future events. They are derived from historical data, and it is unknown what will continue to work and what does not. News important indicators, and any method of analysis. Do not forget - we are trading their expectations and probabilities.


Vladislav Antonov EURUSD Forecast for today Alpari


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