EUR / USD today: the pair maintains a lateral trend
After yesterday’s mixed volatility of the EUR / USD pair, it remained to haggle in the lateral triangle, which was confirmed yesterday’s expectations. At the same time, the uncertainty of the market and the continuing risks continue to have an ambiguous impact on this pair.
Events for today:
- 14:30 – the US news block will be released: the US export price index (m / m), the US import price index (m / m), the number of initial applications for unemployment benefits in the US, the NY Empire State production activity index ( USA), the index of manufacturing activity from the Federal Reserve Bank of Philadelphia (USA) and the employment index of the Federal Reserve Bank of Philadelphia (USA).
- 22:00 – will publish the volume of purchases of long-term securities of TIC USA.
The day is very busy with statistics, but the market basically expects new data on US trade relations and further development of the current situation.
In conditions of uncertainty and aggravation of political risks, the movement of the EUR /USD pair should be regarded as a figure of the “lateral triangle”. Thus, the zone from 1.235 to 1.2400 remains a zone of uncertainty, and an exit to one of the sides will indicate further movement in that direction. In this case, it is worth waiting for the fixation outside the above-mentioned range. Support levels: 1.2350, 1.2300 and 1.2280, resistance: 1.2400, 1.2440 and 1.2470-80.
EUR / USD Graph. The current price is 1.2360.
Hanzenko Anton