The EUR / USD traded in a narrow range of expectations the ECB's decision on interest rates.
Most experts believe that the regulator will leave interest rates unchanged, but may signal its readiness for further easing of monetary policy and maintaining incentives for a long enough period of time. By Christine Lagarde, investors are primarily expected to clarify the issue by changing the basic strategy of the ECB in the implementation of monetary policy and the achievement of targets for key economic indicators.
Effect of the European currency in the next few days may have news related to Brexit. Late last night, both houses of the British Parliament approved the draft agreement with the EU without amendment. To obtain the status of a document must be signed by the Queen of the law. It is expected that the EU authorities will approve this agreement on Friday after a 47-year stay in the UK out of the EU Union.
The US economic calendar today there is important news.
On the chart the bulls manage to keep the price above the level of 1.1070, so today as a priority considering the scenario with the development of an upward movement. The immediate goal is the level of 1.1115. In the breakdown of the mark forward price at 1.1160.
Resistance levels: 1.1115, 1.1160, 1.1200.
Levels of support: 1.1070, 1.1045, 1.1015.
The main scenario - growth to 1.1160.
Alternative - the breakdown of support at 1.1070 and the decline towards 1.1015.
Fundamental background - neutral. On the chart there is a small priority towards the development of an upward movement. Intra-day consider buying a tool with moderate risk level of 1.1070.
Analyzes and forecasts the EURUSD FORTFS