On Wednesday, 20 February pair EURUSD held in the "sideways", trading in the range of 1,1325-1,1370. The euro dollar has updated local maxima from February 6 to the upper end of this range. Thursday morning, "outset" in the market continued, with the pair dropped to 1.1330. At the same time remains relevant ascending channel formed since the end of last week. The immediate purpose of growth EURUSD quotations level is 1.1373 - 50% correction Fibonacci of the previous reduction. However, on the way to this goal is possible testing the lower boundary of the channel.
Today in Germany will publish the harmonized index of consumer prices in January (expected to increase by 1.7% y / y) and preliminary data on the index of business activity in the manufacturing sector in February (expectations at 49.7 p). In the euro zone will be released a preliminary estimate of the composite index of business activity in the manufacturing sector in February (expected at 51.1 p).
EURUSD forecast and analyst of Alpari