On Friday, amid lack of important news, the euro was trading within the range of 30 points and according to rumors the traders closed deals after buoyant demand on July 10-16.
Today at 18:00 UTC+4 data on Pending Home sales in the US in June is issued; forecast -1.2% vs. 6.7% in May. At 18:30 UTC+4 Dallas Fed Manufacturing Activity in July; forecast is flat, 6.5 points. The day is expected to be calm with up quotes pressure or even continuation of sideways movement, as Marlin oscillator on the H4 makes horizontal line. Tomorrow Spain’s GDP is published, which investors will regard as indicator of the situation in the Southern Europe on the whole.
From the technical point of view if the rate consolidates above the testing level 1.3296 we expect the growth to 1.3328, resistance of trend line on the daily chart.
