The movement against Friday is expected "May 30, 2016"

Results of the last trading day:

On Friday euro was weakened to the American dollar after speech of the head of the Federal Reserve of the USA J. Yellen. She has hinted at increase of an interest rate in the forthcoming months. According to data of CME Group FedWatch of the future for a rate, probability of her increase in June on Friday I haven't changed and remained at the level of 28%. But in July the probability has grown to 61%. To closing of the auction the rate of euro/dollar has updated a monthly minimum, having fallen to 1,1109. In Asia euro was weakened to 1,1097.

Expectations of the market for today:

In Asia euro was weakened to dollar to 1,1097. In Great Britain and the USA the day off. Economic calendar empty. Traditionally on Monday my forecast against Friday. If on Friday there was an unidirectional impulse, then on Monday I always consider the movement against this movement. If there was флэт, then a shot in the direction of a trend.

On Friday for euro support was found at the level of 1,1130. This level will act as target area. If sellers manage to constrain buyers at this level, so we prepare for the test a mark 1,1080. I recommend to look at a monthly candle. At such bear candle we will quickly return to 1,0830.

News of the present day:      

In Great Britain and the USA the day off.

- Germany will submit preliminary data on a consumer price index.

 - in Canada there will be a balance of the balance of payments in 1 quarter and a price index to industrial goods for April.

Technical analysis:

Intra day forecast: at least – 1,1095, at most – 1,1132, closing – 1,1121.

The rate of euro/dollar has stopped on the 90th degree. Euro likes to be developed from a zone 112-135. It means that the probability of the test of level 1,1084 is high. At present couple is consolidated at the level of 1,11. The last three candles indicate strengthening of euro within correction.

There are no significant news on Monday. In Great Britain and the USA the day off. Because of holidays price fluctuations can appear less than 40 points (the expected scope of a day candle).


If sellers begin to fix profit on short positions and on this background bulls will manage to be fixed higher than 1,1132 then not to avoid recovery of quotations to the 45th degree – 1,1150.