EUR/USD today: the dollar is recovering reservedly!
At the trades on Monday, the pair EUR/USD managed to adjust against Friday, but the driver for strengthening of the American was positive statistics on real estate in the US. As a result, expectations for Monday were justified.
Events for today:
- 14:00 – release of the consumer climate index in Germany (Gfk).
- 15:30 – a balance of foreign trade in US goods.
- 16:00 – release of the composite housing price index of S & P/CS Composite-20 (USA) without taking into account seasonal fluctuations (y/y).
- 17:00 – release of the index of US consumer confidence by CB.
- 23:35 – publication of weekly stocks of crude oil in the US according to the American Petroleum Institute (API).
The day is full of news, and the market is focused on the data on the tax reform in the US and the actions of the Fed new president, Powell. Therefore, any data with a similar theme will be vigorously perceived by the market.
At the moment, the pair EUR/USD remains above the significant support: 1.1880-60, which limits the correction of the American. Considering the growth of European stock indices and the expected correction by the American, one should expect the breakthrough of support data and the test of a significant level of 1.1820-00. Do not forget about the fundamental factors that can have a significant impact on the American. Resistance levels: 1.1950 and 1.1980.
Hanzenko Anton