EUR / USD today: the pair found support
After almost two-day sale of the euro on the growth of the American dollar, the pair EUR / USD found support at the level of 1.1610-20, the minimum of last week. Earlier support for the American dollar was provided by optimistic sentiment regarding the increase in rates in the US and the growth of stock indices. The European session on Wednesday opened with the growth of stock indexes, but remains restrained against the background of overbought.
Events for today:
- 15:30 – block of news on real estate in the US: the number of building permits in the US (m / m), the number of building permits in the US, the volume of housing starts in the US (m / m) and the volume of housing starts in the US USA.
- 17:00 – the speech of the US Federal Reserve Chairman Mr. Powell will be held.
- 17:30 – data on oil inventories in the United States.
- 21:00 – will be released “Beige Book” of the US Federal Reserve.
The market continues to follow the economic calendar and the dynamics of stock indices, the driver of the growth of the American dollar. Also, the market expects data on the US, among which the second statement by the head of the US Federal Reserve deserves special attention.
Technically, the pair EUR / USD has moved to correction after the decline and retreat from the level of 1.1610-20. In this case, the correction is limited to resistance level 1.1640. The resumption of the growth of the dollar is unlikely without good reasons.
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