The Euro is preparing for another drop

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On Tuesday, November 27, the Euro fell against the U.S. dollar. Its weakening has contributed to the General strengthening of the American currency against the background of statements of Donald trump that he plans to increase customs duties for China. Additional pressure on the Euro was provided by rumors that the European Commission will apply sanctions to Italy, and the decline of the pair pound/dollar. The Euro dropped to 1,1278 (90 gr.).
Yesterday’s external environment contributed to the weakening of the Euro against the dollar to 1,1278. Now the pair is in a corrective phase. The Euro is worth 1,1297. Level 1,1278 not an important level for the Euro, so the forecast I’m waiting for falling prices to 1,1251. Since stochastic is in the area of sales, then as soon as the local down–trend will be formed “bearish” signal the Euro drop accelerate.
At 11:00 GMT Switzerland will publish the index of expectations of Swiss investors, according to the ZEW and Credit Suisse in November.
At 12:00 GMT the Euro zone will report on the change of the money aggregate M3 and lending to private sector in October.
At 15:00 GMT Germany will present consumer climate from GfK in December.
At 16:30 MSK in the U.S. will come out data on changes in GDP for the third quarter, the balance of foreign trade in goods for October and will release the price deflator for the third quarter.
At 18:00 GMT the U.S. will report the volume of new home sales for October and will publish a manufacturing PMI for November.
At 18:30 GMT US Department of energy will publish the data about change of stocks of oil.
At 20:00 GMT a speech will be head of the fed Jerome Powell.
Vladislav Antonov,