EUR/USD today: the euro is in the oversold zone - Ester Holdings

EUR/USD today: the euro is in the oversold zone

On Wednesday, trading on the pair EUR/USD closed lower, helped by optimism about the hawkish rhetoric of the Fed, which was subsequently confirmed. On Thursday, optimism about the dollar remains a key factor in the market.

Events for today:

  • 14:00 – the results of the meeting of the Bank of England will be published.
  • 14:30 – the speech of the head of the Bank of England Karni will take place.
  • 15:30 – the number of initial jobless claims.
  • 17:00 –  data on the US: the volume of shipments of civilian means of production (excluding aircraft) (m / m) and the volume of industrial orders (m / m) (June).

Despite the general strengthening of the American dollar in the whole market spectrum, it remains oversold and limited with correction. In addition, the impact on the euro will be from the Bank of England data and the cross EUR/GBP.

Therefore, the pair EUR/USD is expected to be corrected from support levels 1.1620-00. Resistance is the mark: 1.1640 and 1.1660-80. The driver of the market in the second half of the day will be the results of the meeting of the Bank of England and the general mood of the market.


Read also: “The main terminology of the crypto currency”.

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

  1. Stock indices: the UK market
  2. In Focus: Analysis of transactions for a EUR/USD pair during week
  3. Stock indices: European Union

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