EUR/USD today: the pair is waiting for the results of the meeting of the US Federal Reserve
Trades in the EUR/USD are restrainedly rising amid the sale of the US currency before the publication of the Fed’s protocol. Additional support for the euro is provided by the weakness of the British, which provides support through the growth of the cross-rate EUR/GBP. At the same time, the data on inflation in the eurozone did not have a significant impact on the market, fully coinciding with the forecast.
Events for today:
- 15:15 – a change in the number of people employed in the non-agricultural sector of the US from ADP.
- 15:30 – the labor cost index in the US (q/q).
- 17:00 – index of unfinished sales in the US real estate market (m/m).
- 21:00 – the results of the meeting of the US Federal Reserve.
Despite a significant number of published news, the day is full of statistics on the US.
Given the current dynamics, one should expect further restrained growth of the pair EUR/USD with the update level 1.2490-1.2500 before the release of the US data. The market is focused on the Fed’s protocol, but also do not forget about the number of people employed in the non-agricultural sector and the labor force index, which may affect the dollar before Friday’s report on employment in the US. Given the high degree of uncertainty, there are no clear expectations for the pair today. Support levels: 1.2390, 1.1350 and 1.2300, resistance: 1.2490-1.2500, 1.2530 and 1.2560-80.
Fig. EUR/USD. The current price is 1.2450.
Hanzenko Anton