EUR/USD today: the euro is limited by the correction

Trading on the EUR/USD pair on Thursday took place in different directions, which was connected with the comments of the ECB President Draghi. As a result, the pair showed a volatility of about 100 points. At the same time Friday trading opened with a rapid correction of the euro against yesterday’s decline.

Events for today:

• 15:30 – will release data for the United States: core durable goods orders (m/m) (December) and durable goods orders (m/m) (December).

Today, market dynamics has returned at the mercy of common sentiment and political risk.

EUR/USD from the start of the day corrected almost completely against yesterday’s decline on Draghi’s comments, but general two-week downtrend persists. Thus, in the zone 1.1340-60, we should expect the formation of a reversal and the resumption of decline, which, in turn, will open the way to support levels: 1.1300 and 1.1270. Resistance is located at levels: 1.1360 and 1.1380, the update of which will call into question keeping the downward trend.

Read also: “Long-term positions on world indices”

Hanzenko Anton

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