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Main » 2019 » February » 26 » The euro dollar technical outlook EURUSD today 26/02/2019: Technically EUR / USD pair is ready for growth
The euro dollar technical outlook EURUSD today 26/02/2019: Technically EUR / USD pair is ready for growth

Results of the last trading day EURUSD:

In the Monday, February 25, the euro / dollar (EURUSD) closed higher, with the formation intraday recorded multidirectional vibrations. They were caused by the statements of US President Donald Trump.

First, he stressed the appetite for risk decision to postpone the increase in tariffs on Chinese imports. In the American session landslides oil market by 4% a post on Twitter, in which he expressed dissatisfaction with the high oil prices and asked "relax" OPEC producers. Reduction of oil prices significantly affected the USDCAD pair. EUR / USD has remained trading in a range of three-day consolidation of 20 February.



Planned statistics (GMT + 3):  

  • At 10:45 France will release the indicator of consumer confidence for February.
  • At 12:30 UK will declare a change of approved applications for mortgage loans on the BBA figures for January.
  • At 13:00 a speech made by the head of the Bank of England Governor Mark Carney - hearing on the inflation report. They will also perform Sir David Ramsden, Gertjan Vlige Jonathan Haskell.
  • At 16:30 the US will be informed about the change in the volume of building permits issued and the number of bookmarks of new foundations for December.
  • At 17:00 the US will release the index of housing prices for December, and at 18:00 - the indicator of consumer confidence for February and the Richmond Fed manufacturing index for February.
  • At 17:45 a speech made by the head the US Federal Reserve Jerome Powell.


Current Situation EURUSD:

EURUSD moves between 45 degrees, staying in a three-day flat. At the time of writing the price is already at the level of 1.1348. Price met with a carrying line. At hour period market poised and ready to push EURUSD closest lines U1-D1.

EURUSD technical picture has not changed since yesterday. Still we are waiting for buyers retreat EURUSD to 1.1315 / 20, to get new longs for the subsequent rally. The market is ready to breakdown level 1.1370, but it is reasonable to begin the upward movement of the minimum on 22 February. It is better to rewrite it and return to the range (Spring level). On 4H Lb line passes through 1.1322. So for two TF strong support for EURUSD is around 1.1315 / 1.1322.


See also : Forex forecast for today 26/02/2019


EURUSD Forecast for today Vladislav Antonov Alpari



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