EUR / USD today: pair is in uncertainty
After a multidirectional trade in the first half of the day, the pair EUR/USD is traded ambiguously, thereby remaining in the downward channel of the last two weeks and maintaining the potential for growth at a return above the level of: 1.1650-80. As a result, the ambiguous mood regarding the US currency is confirmed.
Events for today:
- 16:45 – data on business activity in the US: PMI in July and PMI in the services sector (July).
- 23:30 – weekly stocks of crude oil according to the American Petroleum Institute (API).
Data on business activity remain the main driver for today. Also, don;’ forget about the risks associated with protectionism and trade confrontation of the United States, which can resume at any time.
Technically, the EUR / USD remains clamped in a truncated triangle from 1.1650-80 to 1.1700-20, the exit from which will indicate the movement to one side. But it is worth noting that while the pair hasn’t fixed above 1.1750, the two-week downtrend persists.
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Hanzenko Anton
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