EUR/USD today
With the negative opening of European stock indices, the pair EUR/USD resumed the downward trend. Also, on Wednesday, the support 1.2300 was broken, the breakthrough of this support (in the previous forecast) indicates a further decline of this pair.
Events for today:
- 14:00 – the results of the meeting of the Bank of England.
- 15:30 – the number of initial applications for unemployment benefits in the US.
The upcoming news will have an indirect impact on this pair, but it is also worth following the dynamics of the cross-rate EUR/GBP, which continues to put pressure on the euro. The market keeps the negative sentiment due to the decline in world stock indices.
The continued downward trend and negative sentiment on the market put pressure on the EUR/USD pair. At the same time, significant support is provided by the levels of 1.2230 and 1.2200, from which correction is possible. Correction will be considered as an opportunity to enter the sale. Significant levels of resistance are: 1.2300, 1.2340-50 and 1.2380-90.
Fig. EUR/USD. The current price is 1.2230.
Hanzenko Anton