EUR / USD today: the dollar continues its growth
Trades on Wednesday closed with a restrained correction of the euro, but the pair EUR / USD closed at the opening day, thereby unloading the oversold euro. On Thursday, the pair resumed a decline in rising risks from Britain and the publication of the results of the meeting of the Bank of England.
Events for today:
- 14:00 – the decision on the interest rate of the Bank of England.
- 15:30 – data on the US: the number of initial applications for unemployment benefits in the US, the index of manufacturing activity from the Federal Reserve Bank of Philadelphia (USA) and the employment index of the Federal Reserve Bank of Philadelphia (USA).
The publication of the results of the Bank’s of England meeting may increase volatility.
The pair EUR / USD over the past week has formed a downtrend, in which it continues to trade, discarding possible volatility on the news. After securing below 1.1500 from the pair, you should expect a test of support levels: 1.1450-40 and 1.1420-00. Resistance is located at the levels: 1.1550 and 1.1590.
Read also: “Analysis of a successful deal on Facebook stocks”
Hanzenko Anton