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The euro dollar technical EURUSD forecast for today 01/02/2019: Weidmann weakened the position of the buyers EUR / USD


Results of the last trading day EURUSD:

On Thursday, January 31, the euro is almost completely lost points, which earned after the FOMC meeting. The sharp decline in EURUSD pair was followed by statements by the head of the Bundesbank, Weidmann. He stated that the forecasts for GDP, which were announced recently, will not come true. Germany will face a short-term economic slowdown. The growth of the German economy this year will be below 1.5%. EURUSD rate fell to 1.1436.





Planned statistics (GMT + 3):  

At 11:30 Switzerland is to publish data on changes in retail sales in December.

From 11:30 to 12:30 will leave indexes of business activity in the manufacturing sector in January in Switzerland, France, Germany, the eurozone and the UK.

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

At 16:30 the US will present data on the labor market: the unemployment rate, the number of non-farm payrolls, average hourly earnings and average weekly hours in January.

At 17:45 released the PMI index for the manufacturing sector in the US in January, 18:00 - ISM manufacturing index and consumer sentiment index from the University of Michigan in January.

At 21:00 Baker Hughes will publish a report on the number of active drilling rigs for oil production.



Current Situation EURUSD:


Expectations for yesterday's day with a decrease in EURUSD rate were completely justified. The only thing I did not consider to peyrolsa weakening of the euro below 1.1470.

In Asia, the price fell below the trend line from 1.1290, testing the 67-th degree. I believe that the price will stop at this level and in the vicinity will be traded to peyrolsa.

The focus of traders report on the US employment market. He has a strong but short-term impact on the currency market. traders also follow the progress of negotiations between the US and China. 

Vice Premier Wu Yi Liu He said that the Chinese government intends to conclude a trade agreement with the United States. President Donald Trump also said the United States look forward to the conclusion of the transaction, and hopes that the agreement with China will be reached before March 1.

NFP without the cycles of today has turned out EURUSD growth until the end of the day, and on Monday updated Friday low. See fit NFP in cycles or not. Resistance acts carrying Lb line - 1.1457. At low NFP wait quotations growth to 1.1490 on strong - falling to 1.1400. It's all about the levels, because speculators assess a number of factors in the report. And yet peyrols published after the FOMC meeting, so the reaction to the report may be weak - in the range of 50 points.


Eur usd EURUSD Forecast for today Vladislav Antonov Alpari



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