EUR/USD today: the pair remains in uncertainty

On Wednesday trading, the pair EUR/USD closed at the opening level, while it traded within Tuesday range. Euro in the afternoon received support through crosses, which allowed the pair to exit the expected range. At the same time, expectations for a decline in the euro against the US dollar remain in place.

Events for today:

• At 15:30 – statistics 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).

In conditions of continued optimism in the market and slowing of the upward dynamics, EUR/USD pair should expect a test of support levels: 1.2350-40 and 1.2310-00, which in the longer term will indicate the formation of a turn for this pair. Resistance is located at the levels: 1.2380 and 1.2400.

Fig. EUR/USD. The current price is 1.2360.

Hanzenko Anton