The dollar has strengthened its position comparison to the euro, but just before the publication of the Fed meeting minutes the correction appeared.
The “hawkish” statements of Fed speakers and the publication of statistics supported the dollar. Last month, the inflation accelerated to 0.4% – which makes the maximum growth since February 2013. Representatives of the Central Bank, John Williams and Dennis Lockhart does not cross out the increase of the key rate in June, totally there will be 2-3 expected increase in 2016.
EUR/USD technical analysis and forecast on May 19
The euro continues to move within the corrective channel. The RSI indicator is in the support area, but still there is a potential for reduction. The EUR / USD Forecast on 19 May 2016 involves the strengthening of the dollar towards the lower boundary of the descending channel at the area of 1.1200.
