EUR / USD today
While Thursday trading, the EUR / USD pair closed the day with a decline in the technical strengthening of the American dollar throughout the spectrum of the market. As a result, this pair came close to the week’s minimum, but support for 1.2300 was never overcome.
Events for today:
- 14:30 – block of statistics for the US: the number of building permits issued in the US, the number of building permits issued in the US (m / m), the volume of construction of new homes in the US, the volume of construction of new homes in the US (m / m).
- 15:15 – volume of industrial production in the US (m / m).
- 16:00 – number of open vacancies in the labor market (JOLTS) in the USA.
- 19:00 – number of drilling rigs in the USA from Baker Hughes.
Weak statistics on inflation in the eurozone slowed the recovery of the euro on the correction of the American dollar, but the American dollar continues to remain in the correction phase.
In conditions of political risks in the US, the pair EUR / USD is likely to continue correction against Thursday. This will be limited to resistance levels of 1.2350 and 1.2370. while the level of 1.2300 remains a significant support, consolidation below which will indicate a further decline in the pair EUR / USD and working off the figure “double top” on the timeframe H4. At the same time, the market is more focused on correction and return of the pair in the range from 1.2300 to 1.2350.
EUR / USD Graph. The current price is 1.2330.
Hanzenko Anton