EUR/USD today: the euro is corrected after the decline

Trading on the pair EUR/USD on Wednesday closed with a noticeable growth of the euro on the reduction of political risks in the eurozone and correction of the American on weak data for the US. As a result, the pair continued its growth on Thursday, but was limited by weak employment data in the euro area.

Events for today:

• 15:30 – a news block for the US: the basic price index for personal consumption expenditure in the US (m/m), the basic price index for personal consumption expenditure in the US (y/y), the number of initial applications for unemployment benefits in the US and the costs of individuals in the US (m/m).

The general driver of the market is the general sentiment .

On ambiguous data for the euro area, the pair EUR/USD slowed its upward dynamics and hit the correction pressure near the significant resistance zone: 1.1730-50, Friday’s resistance. But the upward dynamics in the euro remains, despite a noticeable decline in optimism. In the current situation, one should expect correction to support levels: 1.1670 and 1.1650, but this will not be a factor indicating the resumption of downward dynamics, but will confirm the uncertainty of the market.

Fig. EUR/USD. Current price – 1.1700

Also, read: “Fibonacci lines and trade in crypto currency. Application”

Hanzenko Anton