EUR/USD today
Yesterday’s expectations from the pair EUR/USD were fully justified. After a short correction, the pair EUR/USD roll overed the decline from the level 1.1820 and re-tested the support 1.1780, which was broken at the beginning of the day.
Events for today:
- 13:00 – Announcement of the data on inflation in the euro area.
- 13:15 – Speech by the head of the Bank of England Carney.
- 15:30 – Release of the data on the USA: the price index for exports and imports in the US (m/m).
- 16:15 – Release of ndustrial production volume in the USA (m/m).
- 23:00 – Announcement of the volume of purchases of long-term securities of TIC USA.
The day is full of data on the euro area and the US. Do not miss the recent news! See section “Market news”.
The EUR/USD continues to maintain a downtrend, confirming a reversal trend and maintaining a downward dynamics. At the beginning of the day, this pair significantly weakened after the optimism about the American.
The negative opening of the European stock indices can cause a correction for the euro to resistance levels: 1.1790 and 1.1810. But, the pair’s downward dynamics continues to be maintained and therefore the support levels are expected to be updated: 1.1740 and 1.1710-00.
Hanzenko Anton