EUR/USD today: the pair adjusted after decrease
On Thursday, the pair EUR/USD showed mixed volatility in maintaining negative sentiment and pressure on the euro through the cross-rate EUR/GBP. On Friday, this pair slightly adjusted on the decline of the American, but the negative sentiment of the market and the decline in stock indices force investors to go into safe haven assets.
Events for today:
- 18:45 – a speech of the member of the Committee on Monetary Policy of the Bank of England Cunliffe.
- 20:00 – the number of drilling rigs in the US from Baker Hughes.
The market’s attention is chained to stock exchanges and safe assets, which, against the background of the weakness of the American, again resumed growth.
The descending expectations from the EUR/USD pair are valid, and the signal of the entrance to the market is the test of the upper boundary of the descending channel. At the same time, significant support is located at the levels: 1.2200 and 1.2150-30. It is also possible for the pair to oscillate in the sideways trend due to the low-key correction of the American. Resistance levels: 1.2300 and 1.2330-50.
Fig. EUR/USD. The current price is 1.2260.
Hanzenko Anton