EUR/USD today: a pair is waiting for the US data - Ester Holdings

EUR/USD today: a pair is waiting for the US data

On Thursday, the EUR/USD pair updated a low at the level of 1.1120, helped by the weak expectations for the euro area and optimism for the US dollar. But, in conditions of oversold, while waiting for data on the US and an unexpected increase in the number of unemployment claims in the US, this pair moved into the correction phase, forming a side channel in which it continues to trade on Friday.

Events for today:

  • At 15:30  – the US data will be released: GDP (q/q) (Q1) and GDP deflator (q/q) (Q1).

The main event of the day is the publication of data on the US GDP from which positive data is expected, which is also already taken into account in the value of the US dollar.

EUR/USD retains the lateral range of Thursday from 1.1160 to 1.1120, but also remains within the weekly downward channel. Before the release of data on the US GDP, this pair is expected to move in the existing trading ranges. Significant support levels: 1.1100, 1.1070 and 1.1050, resistances: 1.1180, 1.1200 and 1.1230.


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Anton Hanzenko


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