EUR/USD today: a pair is waiting for drivers

On Wednesday, trading in the EUR USD pair closed with a sideways movement in the channel from 1.1250 to 1.1230, slowing the upward correction. The driver for the strengthening of this pair was the progress in negotiations on Brexit and the US-China trade agreement.

Events for today:

• At 14:30 – the ECB monetary policy meeting minutes  will be published.
• At 15:30 – initial jobless claims will be released.

After the euro rose yesterday, the single currency will be under pressure while waiting for the publication of the ECB protocol, which is expected to use soft rhetoric.

EUR/USD is expected to moderately decline towards support levels of 1.1200 and 1.1180 at the ECB’s soft rhetoric. Significant resistance continues to be the level of 1.1250, which can be broken through on renewed optimism, which will indicate continued growth.

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Hanzenko Anton

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