EUR / USD
This morning, the euro situation remains exactly as it was yesterday morning. The price is above the balance line of the daily timeframe. On the younger TF, the price lies on the balance line. Indicators of the Marlin oscillator tend to grow. Indices of business sentiment ZEW yesterday turned up, to growth, and this helped the euro to grow slightly at the end of the day. The indicator for Germany for September has grown from -13.7 to -10.6, in the euro area, has improved from -11.1 to -7.2.
Today, the volume of industrial production in the eurozone is being published for July, forecast -0.5% after -0.7% in June. But since tomorrow, the ECB takes a decision on monetary policy, the price may remain in the range of yesterday. In general, the market does not expect any positive changes in the mood of the regulator, as trade relations with the US, US relations with China, a new round of escalation in Syria, internal tension in Italy do not give grounds for this.
For the development of a downward movement, the price should at least consolidate under the downward trend line of the price channel near 1.1520, for greater confidence, below the trend indicator line (1.1442). For the development of growth, it is necessary to anchor above the Kruzenshtern line to H4 (1.1662).
