EUR/USD today: the pair is in uncertainty
Yesterday the pair EUR/USD continued to decline against the background of the general strengthening of the American, which confirmed yesterday’s expectations. In this case, this pair remains near significant support 1.2200-1.2170.
Events for today:
- 12:00 – the unemployment rate in the euro area.
- 15:30 – a news block on the US: the basic price index for personal consumption expenditure in the US (m/m), the basic price index for personal consumption expenditure in the US (y/y), the number of initial applications for unemployment benefits in the US and the costs of individuals in the US (m/m).
- 16:45 – the index of business activity in the manufacturing sector (PMI) of the United States.
- 17:00 – the speech of the US Federal Reserve Chairman Mr. Powell.
The day is full of data on the euro area and the US, but the market will be focused on the speech of the head of the US Federal Reserve.
In addition to the upcoming US news, the pair EUR/USD remains uncertain due to the parliamentary elections in Italy. Therefore, the zone from 1.2170-50 to 1.2220 acts as a zone of uncertainty. Closure of the week below this zone will indicate a deeper decline in the pair, but the retreat – will keep the potential for the growth of the euro.
Fig. EUR/USD. The current price is 1.2180.
Hanzenko Anton