EUR/USD today: the pair is trading in the side channel - Ester Holdings

EUR/USD today: the pair is trading in the side channel

From the start of trading on Thursday, the EUR/USD pair continues to trade in a narrow flat, which is slightly higher than the volatility of 15 points. The reason for such restrained dynamics is the general restraint of the market due to the absence of significant statistics and due to the weekend in the USA.

The economic calendar for today is empty. Rising volatility in the market can cause unplanned news. In the afternoon, a significant decrease in activity is expected.

EUR/USD continues to trade in the sideways channel from 1.1300-10 to 1.1260-50. In the face of declining liquidity in the market, bursts of volatility are possible, but they will be limited to the existing trading channel. The overall dynamics of the pair remains down, limited to Friday employment data in the US.


Read also: “US dollar index (DXY) as an auxiliary indicator
for trading in safe haven currencies “

Hanzenko Anton


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