Euro has beaten off the trend line "June 17, 2016"

Results of the last trading day:

On Thursday the rate of euro/dollar has fallen to 1,1130 after the British pound. To closing of day buyers have won back about 70% of losses. The price has returned to level 1,1251. Couple was sharply developed on news about murder of the member of the British parliament Joe Cox. Armed attack has been committed against it during a meeting with voters.

Due to the tragic event the head of Bank of England has cancelled yesterday's performance. In the market directly there were "rumors" that the referendum can be cancelled or postponed for other number. To dollar all currencies have become stronger.

Expectations for today:

On Thursday the rate of euro/dollar has beaten off the trend line. I hope that the murderer did not know the technical analysis and as its actions will be reflected in currency rates. Nevertheless, it has changed moods of those who bought the American dollar.

As a result the other day it was created turning pinbar (a candle with a long lower shadow). That it was activated, it is necessary to be fixed higher than the level 1,1294. According to intra day schedules break is impossible to me today. Economic calendar empty. For Friday the scenario with lateral motion under the trend line (H1.1415-H1.1294) in the range 1,1235-1,1280 approaches more.

News of the present day:

    - The eurozone will publish the paying balance taking into account seasonal fluctuations April.
    - in Canada there will be a consumer price index for May. The USA – number of the issued construction licenses, laying of new houses for May. 
    - The eurozone – Speech of the president of European Central Bank Mario Draghi.
    - Baker Hughes – number of the working drilling rigs.
    - Canada – Speech of the deputy of upravlyayueshchy Bank of Canada Caroline Wilkins.

Technical analysis:

Intra day forecast: at least – 1,1235, at most – 1,1280, closing – 1,1252.

The rate of euro/dollar decreased to a cross hairs of two lines: the first line has been drawn through minima the 1,1232-1,1188, second – through 1,0516-1,0821. Additional strengthening to a zone 1,1130 - 1,1140 was given by the 135th degree.

So far "eurobulls" have won back 80% of losses of yesterday's fall to level 1,1130. The price has returned to the bear trend line. From a minimum growth of couple has constituted 112 degrees.

Considering that on Friday a calendar empty, I consider fluctuations of euro under the trend line. I incline to opinion that the final triangle will be created. I do not take M. Draghi into account as it exerts strong impact on the market only during a press conference after a meeting of European Central Bank.


Despite a day pinbar hardly anyone will want to be bought aggressively by euro before output and forthcoming new polls for "Brekzit". The strong zone of resistance is formed by levels 1,1295-1,13. This that area to which the course without news after breakdown of the trend line is possible.