EUR/USD today: the pair slowed down the decline

After multidirectional trading on Tuesday, the EUR/USD pair continues to trade in the side channel from 1.1300 to 1.1260, having updated a low on the attempts of growth of the American dollar. The reason for the slowdown in the decline of the pair was a decrease in optimism about the US – China trade talks.

Events for today:

• 15:15 –  ADP non-farm employment change (June) in the USA will be announced.
• 15:30 – data on the USA will be released: export volume, import volume, initial jobless claims and the trade balance (May).
• 17:00 – will announce the US data block: shipments of nondefense capital goods, excluding aircrafts (m/m), factory orders (m/m) (May), ISM employment index in the non-manufacturing sector (June), ISM non-manufacturing business activity index (PMI)  (June).

Today is a day full of statistics on the United States, which will return the activity on the American currency and set the tone for trading, especially before the weekend in the United States (Thursday) and the publication of an employment data in the United States (Friday).

The EUR/USD pair is trading in the sideways channel, maintaining the potential for decline, being below the level of 1.1300.

It is worth considering  deals for sale while the EUR/USD pair remains under the significant mark of 1.1300.

Fixing above the significant mark, will cancel expectations to decline.

Read also: “U.S. and E.U. Trade War”

Hanzenko Anton

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