EUR/USD today
Trades on the pair EUR/USD were very restrained yesterday, in a sideways trend, despite a noticeable increase in volatility, which tested the upper limit of the downward channel. Along with this, the dynamics of the pair continues to be limited by a downtrend and the upcoming ECB report. Expectations for this pair did not justified https://esterholdings.com/en/2017/10/24/eur-usd-today-212/, as the market spent the day in flat.
Events for today:
- 15:30 – Publication of the data on the USA: basic orders for durable goods in the USA (m/m) and the volume of orders for durable goods in the USA (m/m).
- 17:00 – Publication of data on real estate in the USA.
The day is full of news, but also do not forget about tomorrow’s meeting of the ECB, which can cause a correction of positions on a single currency.
For today, EUR/USD is expected to trade in the range: from 1.1750 to 1.1780. But yesterday’s opportunity to break through the channel is also preserved. And, given the formation of the figure “head and shoulders” on smaller timeframes, a support test of 1.1740-20 is possible, which is also indicated by the preservation of the downward trend.
Hanzenko Anton