EUR/USD today: the pair is adjusting!
On Friday, the pair EUR/USD closed the day with growth, but indicated a further possibility of decline. At the same time, weak statistics on the US had little effect on the correctional dynamics of the American, which indicates the correction of the US dollar.
Events for today:
- At 15:30 – statistics on the US: the basic price index of spending on personal consumption in the US (y/y), the basic price index of spending on personal consumption in the US (m/m) and the costs of individuals in the US (m/m) .
The day is not full of news, but it can not be said about the current week. The dynamics of today’s trading will largely depend on the general sentiments and correction of positions.
At the same time, Friday’s expectations for pair correction remain in force. So, fixing this pair below support 1.2380-90 will indicate the possibility of deeper correction to support levels: 1.2340-30 and 1.2300. Also, one should not forget about the possibility of risks in the US and low activity at the beginning of the week, which can cause both multidirectional fluctuations and the formation of a flat. Resistance levels: 1.2450 and 1.2480.
Fig. EUR/USD. The current price is 1.2410.
Hanzenko Anton