EUR / USD today: the pair is corrected after growth
On Tuesday, trades on the pair EUR / USD were closed by a significant decline of the pair, which was caused by the growth of optimism on the market and the technical recovery of the American dollar. On Wednesday, optimism for the American dollar remains, but stock exchanges are trading below zero, which may result in attempts to grow. At the same time, the euro’s two-day decline against the dollar remains a technical correction after growth at the end of last week.
Events for today:
- 15:30 – data on the US: the volume of shipments of US civilian goods (excluding aircraft), basic orders for durable goods in the US (m / m), the volume of orders for durable goods in the US (m / m) and the balance of foreign trade in US goods.
- 17:00 – the index of unfinished sales in the US real estate market (m / m).
- 17:30 – the reserves of crude oil in the USA.
The EUR / USD remains clamped by a correction two-day trend, which in turn will be limited to support levels: 1.1640 (Fibo, 38.2 from last week’s low), 1.1620 (Fibo.50.0 from last week’s low) and 1.1590 (Fibon 61.8 from the low last week). These levels will be limited to reducing this pair. In turn, consolidating the pair above 1.1640-70 will indicate the resumption of the uptrend.
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Hanzenko Anton