Continuation of correction to 1,1320 is expected "June 14, 2016"

Results of the last trading day:

On Monday euro was closed in plus against the American dollar. To opening of the American session the price was corrected from a minimum 1,1232 to 1,1278. From it bulls have lost all profit when in the market there was information that according to new poll of ICM the share of speakers for preserving Britain as a part of the EU has increased. The rate pound/dollar has raised on 150 points, to 1,4319. Cross-country of euro/pound has decreased on 60 points, to 0,7882. Euro/dollar I have departed to level 1,1237. Later the Guardian edition has denied this information, having reported that 53%, against – 47% are ready to vote for Brekzit.

Against recovery of cross-countries eurobulls managed to rise to level 1,1302.

Expectations for today:

After yesterday's growth on 65 points on the hour period the symmetric triangle was created. The triangle is a rally continuation figure. With respect thereto I consider strengthening of euro to 1,1320. If the pound is not weakened to dollar today, then to descend quite really to 1,1338. Significant news which could cause acute fluctuations in the market, it is not planned.

News of the present day:      

    - Great Britain will publish a consumer price index, an index of purchase prices of producers, an index of selling prices of producers and a retail price index for May.
    - the eurozone will publish data on change of number occupied for 1 quarter 2016 and industrial output for April.    
    - in the USA there will be a report on amount of retail sales without sales accounting of cars May.

Technical analysis:

Intra day forecast: at least – 1,1285 (flowing in Asia), at most – 1,1320, closing – 1,1304.

The rate of euro/dollar has stopped in a zone between the 45th and 67th degrees. At the moment in a completion stage there is a symmetric triangle. Though the indicator of the joint-stock company is in positive area, I consider a price exit up as it is a movement continuation figure.


Before a meeting of FOMC of considerable strengthening of euro I do not expect. My purpose – 1,1320. Price levels will act as supports: 1,1275 and 1,1249. The scenario on growth will be cancelled when closing an hour candle lower than the level 1,1275.