EUR/USD today: the pair maintains a sideways trend
After the miscellaneous fluctuations of the EUR/USD on Monday due to the uncertainty of the market, yesterday’s expectations for this pair remain suspended in the air. Given the existing dynamics of the pair and the preparation of the market for tomorrow’s report of the US Federal Reserve System, uncertainty may persist until tomorrow.
Events for today:
- 15:30 – release of data on the US: the basic producer price index (PPI) in the US (m/m) and the producer price index (PPI) in the US (m/m).
- 21:00 – publication of a report on the implementation of the US federal budget.
- Also, at 21:00 – the speech of the head of the ECB, Draghi.
The day is full of news, but the main focus of the market is still chained to tomorrow’s meeting of the US Federal Reserve.
Given the continued uncertainty in the market and expectations of tomorrow’s data, the pair EUR/USD should expect lateral movement in the range from 1.1750-30 to 1.1800-20.
EUR/USD chart. The current price is 1.1770.
Hanzenko Anton