Forecast on EUR/USD for June 21

The last public opinion poll conducted in the UK on the topic of EU membership, has identified the majority of supporters of the preservation of the country's membership in the euro area. The results of this survey have weakened the US dollar, halting the downward trend of the currency pair, observed last week. For the past day, the euro/dollar showed high volatility, rising from the level of 1.1345, reaching the level of 1.1376, before rolling to 1.1302.
During the morning session, it is expected that the trading range for the pair will be in the range 1.1310 - 1.1350, with a possible decrease to the support line at around 1.1278. If the resistance line is broken, it is possible to decrease to the level of 1.1250.
If the mark of 1.1278 will withstand the onslaught of the pair, before the closing of the European session, prices will concentrate in the range 1.1280 - 1.1320.
In the afternoon, will be held a press conference by ECB President Mario Draghi and a speech of the Fed's Janet Yellen before the US Congress. These presentations will focus on the current economic situation in the euro area and the US respectively. After Draghi's speech, it is expected a high volatility of the currency pair EUR/USD and the periodic correction of the trend in the range of 30-40 points, depending on the press-conference results. It is possible that trading can end in a range of 1.1250 - 1.1300, fixing formed downtrend.