Analyst from the company ForexMart

Analyst from the company ForexMart (ForeksMart)

EUR / USD. 02.05. The euro continues to trade in a flat

The pair completed Monday a slight increase. All day the euro was trading within the sideways range. This week the focus of traders: the decision of the Committee of the US Federal Reserve Open Market (May 3), the US labor market statistics (May 5), the final phase of elections in France (May 7). MACD and RSI slightly reduced. Forecast for today implies an increase in the area of ​​1.0945, followed by back to the level of 1.0898. Support levels: 1.0902, 1.0871, 1.0846, 1.0825. Resistance levels: 1.0947, 1.0986, 1.1041.

USD / RUB. 02.05. Today, a negative factor for the ruble will deliver oil

Yesterday, on the occasion of national holiday in Russia, trade was conducted on the ruble. Quotes of the ruble is near the level of 56.68. Today we expect the weakening of the Russian currency, as oil continues to fall, trading just above $ 51 per barrel. Because of yesterday's output is the decline in prices will affect all ruble pairs only today. We expect the growth of the dollar to 57.10 rubles. However, this strengthening of the dollar will not be long-term. Ruble still continues to receive support from the tax period, carry trade speculators and auction the Ministry of Finance. In this regard, the pair will go down again by the closing date. The main aim of growth of the ruble - 56.35.

USD / JPY. 02.05. Bulls testing 112.00

A currency pair USD / JPY rose above SMA line (50) on the daily chart, and is now testing a round 112.00 resistance level. The immediate objective for the bulls is at 112.50, the 61.8 Fibonacci in the medium-term downtrend. US GDP in the first quarter and the index of business activity in the manufacturing sector in April were worse than expected, but yields on US government bonds is increasing, pulling for a dollar. The pair fixed above 112.00 on h1 and while steadily moving into a new uptrend.