EUR/USD: for the evening the purpose 1,1285 "May 17, 2016"

Results of the last trading day:

As expected, on Monday the rate of euro/dollar was in a correctional phase during the day. Euro was restored against the American dollar to a mark 1,1342 after decrease in production activity in New York to-9,02 against the forecast +6,50. To closing of trading day of steam I have returned to level 1,1315. The movement has completely coincided with the expected scenario.

Expectations of the market for today:

Today the attention of traders will be riveted on data on a rate of inflation in Great Britain and the USA. Later three representatives of U.S. Fed will act. Day will be not simple for single currency as in Asia pound and the Australian have considerably become stronger to all currencies.

The rate of the British pound has reacted with growth to the last poll of ORB for Daily Telegraph on an exit of Great Britain from the EU.

According to the latest data of poll, 55% of British want to remain in the EU. The course pound/dollar has grown by 85 points, to 1,4493, the rate of euro/pound has fallen to 50 points, to 0,7810. In this regard euro has appeared under pressure together with dollar.  

On this swing of euro/dollar it is capable to return to 1,1338/45. At the American session I expect falling to 1,1285. It is the only day when sellers can update a minimum, then traders will begin to take positions before a release of protocols of U.S. Fed.

News of the present day:              

    - Great Britain will publish the report on consumer and production inflation.
    - in the eurozone there will be data on foreign trade.
    - in Germany there will be a monthly report of Bundesbank.
    - Canada – change of sales volume at producers for March.          
    - The USA – number of the issued construction licenses, a consumer price index, laying of new houses for April.
    - The USA – change of industrial output for April.  
    - performance of the member of FOMC Lockhart and Williams.
    - performance of the member of FOMC Kaplan.

Technical analysis:

Intra day forecast: at least – 1,1285, at most – 1,1338, closing – 1,1300.

The pound and Australian dollar have become stronger to US dollar on 80 points everyone. Despite such strengthening of currencies, I will risk to consider depreciation of euro to 1,1285 for today. On the hour period there is no completeness of a bear trend from a maximum 1,1616.

On pair EUR/USD support on the hour period passes through level 1,1309. On strong statistics depreciation of euro to dollar to 1,1285 is expected. If traders sell euro in cross-countries, then it is possible to fall also to 1,1260. The pound in this case will return to a mark 1,4417. At an exit of weak statistics of euro/dollar will return to 1,1355. Before the tomorrow's FOMC protocols you shouldn't expect long impulses in the main couples.