EUR/USD today
On Friday, trading was very volatile, which was caused by the publication of data on inflation in the US. Despite the ambiguity of the data for the US, positive comments from the representatives of the FED and the upward trend in the stock indices supported the US currency.
Events for today:
- 12:00 – Release of the visible trade of balance of the eurozone.
- 15:30 – Release of the manufacturing activity index of NY Empire State (USA).
The economic calendar for today is almost empty, but the geopolitical tension in the world remains very high, which in the end can have a significant impact on the market.
Given the decline in the EUR/USD pair at the beginning of the day, one should expect a low-key correction from the levels: 1.1780 (MA 200) and 1.1770 (FIBO. 23.6 from the current year high). This pair continues to maintain a two-month downtrend, which indicates the possibility of further decline and the resumption of the downtrend after correction. The expected zone of renewal of the decline are the marks: 1.1800 and 1.1830. Support for the marks: 1.1770 and 1.1750.
Ganzenko Anton