EUR/USD today: the pair returned to the side channel

After attempts to reduce the EUR/USD pair did not manage to overcome the key support of 1.1350. In conditions of maintaining uncertainty and restraint of the market before the G20 Summit, the euro dollar is traded in a flat. So, the pair slowed downward correction, but also did not give a reason to resume growth.

Events for today:

• 15:30 – the US data will be released: core price index for personal consumption expenditures (m/m) (May) and personal spending (m/m) (May).
• 16:45 –  PMI in Chicago (June) USA will be published.

Market activity remains limited despite the publication of significant data.

The EUR/USD pair is trading in a flat, limited to uncertainty and a trading channel from 1.1400 to 1.1360. In conditions of uncertainty, the restraint of the pair will remain. As long as EUR/USD is below the level of 1.1400, the downside potential remains.

Read also: “Scalping – a strategy for active traders”

Hanzenko Anton

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