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29.05.201808:33 Forex Analysis & Reviews: Trading plan for EUR / USD as of May 29, 2018

Long-term review

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Looking at the macroeconomic calendar, or rather the forecasts regarding the output data, it is worth counting on the rebound of the single European currency. First, there will be data on consumer lending in Europe, the growth rate of which should accelerate from 3.0% to 3.2%, which indicates the growing confidence of people, as well as the growth of consumer activity. In turn, the US is expected to slow the growth in house prices, according to S&P / Case-Shiller from 6.8% to 6.5%, which is one of the factors that could have a negative impact on inflation. So, the single European currency has every chance of improving its positions.

The euro / dollar currency pair continues to show a bearish interest, falling below the 1.1650 range, forming an indecisive consolidation of two-digit candles of the Doji type. It is possible to assume that the pair will again return to the limits of the range level of 1.1650, thereby widening the wobbling amplitude.

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