EUR/USD today: the pair is near significant support
With the opening of the European session, the pressure on the EUR/USD pair increased, which was due to the comments of the ECB head and the general correction of the American after the decline. As a result, yesterday’s expectations for this pair were fully justified.
Events for today:
- 17:00 – announcement of the number of open vacancies in the labor market (JOLTS) in the United States.
- 21:30 – the speech of the Fed Chairman Yellen.
The day is full of data on the United States and the market will focus on them.
After the morning decline, the pair EUR/USD approached a significant support level of 1.1570-60. The breakthrough of these levels will open the way to support levels: 1.1500 and 1.1470. But, do not expect the resumption of the decline of the pair without correction and significant drivers. The correction to resistance levels is possible: 1.1580 and 1.1620. The fixing of the price above this zone cancels the scenario for a decline.
Hanzenko Anton