EUR/USD today: the pair is waiting for drivers to move

During the trades on Wednesday, the pair EUR/USD updated its annual low at 1.1760, which was caused by the growth of the yield of the US treasury securities and the aggravation of the political crisis in Italy. At the same time, trading on Thursday remains very restrained, despite the continued optimism about the US state bonds.

Today, there will be a series of speeches by representatives of the FOMC, which may cause an increase in volatility relative to the American. But the main driver of the market remains the profitability of the state bonds and general sentiments on the stock exchanges.

Despite the growth of stock indices, the yield of 10-year state bonds also continues to grow and exceeded the level of 3.1%, which allows the US currency to resume growth against its main competitors. Therefore, the pair EUR/USD is likely to remain under pressure and will continue to decline to support levels: 1.1760-50 and 1.1720-00. Resistance is located at the levels: 1.1840-50 and 1.1880-90.

Fig. EUR/USD. Current price – 1.1810

Hanzenko Anton