EUR/USD today: a pair is waiting for drivers of growth - Ester Holdings

EUR/USD today: a pair is waiting for drivers of growth

After the correction movement on Monday the EUR/USD pair retains an uptrend, limited to the resistance level of 1.1600-10. The dynamics of the pair remains subject to the general mood. At the same time, stock indices show restrained growth, as well as the US state bonds yield.

Events for today:

  • 12:00 – data for the Eurozone: ZEW index of current economic conditions  in Germany (October), ZEW index of economic sentiment in Germany (October),  trade balance (August) and ZEW index of economic sentiment.
  • 16:15 – industrial production (m / m) (September) in the United States.
  • 17:00 – JOLTS job openings  (Aug.) in the United States.
  • 23:00 – TIC net long-term transactions  (Aug) in the USA .

The economic calendar today is very rich in statistics so it will have an influence amid renewed optimism in the market.

The EUR/USD pair maintains an uptrend, thereby indicating the possibility of working out yesterday’s expectations. In this case, the key resistance 1.1600-10 remains in force. A more significant increase in optimism in the market may slow the growth of this pair, causing the formation of lateral movement in the range from 1.1600 to 1.1550.


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Hanzenko Anton

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