EUR/USD today: the pair keeps the potential for growth

On Wednesday, trading on the  EUR/USD pair closed at the opening level of the day, updating the minimum at 1.1650, which was caused by the resumption of risks in the market.

Events for today:

• 11:30 – data on retail sales in the UK.
• 15:30 –  data on the US:  initial jobless claims and Philadelphia Fed manufactoring index  (Sept).
• 17:00 – data on housing market of the United States.
• 18:15 – the speech of the President of the Bundesbank Vaydmann will take place.

In conditions of a positive opening of the European stock indices, we should expect a resumption of the euro’s growth on the weakness of the American dollar, but the upward dynamics of the pair will also be limited by recent highs at the levels: 1.1710 and 1.1730. Support are the marks: 1.1680 and 1.1660.

Read also: “VSA analysis: a test of supply and demand, and the culmination of purchases and sales”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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