EUR/USD today: the pair maintains a sideways trend

After trades on Thursday, the pair EUR/USD is traded in a very volatile lateral trend, limiting itself to a significant resistance at 1.2320-30. After yesterday’s recovery of the pair du to the political risks and the weak US statistics, the euro is still traded with strengthening. But also limited to significant overbought and gaps in the euro area.

The economic calendar for today is almost empty for the American currency, therefore the attention of the market will be concentrated on the dynamics of stock indices and the US state bonds.

Due to the end of the week and the absence of planned data, one should expect the lateral trend in the range from 1.2300-30 to 1.2180-60. Also, do not forget that the pair EUR/USD almost a week is traded in a sideways trend, thereby indicating a slowdown in the overall upward trend for this pair. Exiting the existing channel to either side will probably indicate the formation of a new trend.

Fig. EUR/USD. The current price is 1.2280.

Hanzenko Anton