The pair continued to consolidate this week until now, at 1.1800 (depressed from previous summits on the psychological level, some support emerged in the 1.1730 region.
Following strong reports that the White House might improve on the tax reform plans promised, yesterday’s strong uptick in USD demand drove the pace for about a cent. The US Dollar Index has lost some momentum and now looks to be stabilizing in the mid-93s.
The data is expected to be delivered at the meeting of the eurozone Advanced Purchasing Managers Index and European Central Bank President Mario Draghi at the 6th Liindau Economic Sciences meeting in Lindau, Germany. The US is expected to flash Markit Purchasing Managers’ Index, new housing sales and Dallas Fed President R. Kaplan.
The EUR / USD pair is currently trading at 1.1753 with a 0.07% loss.
Significant technical levels for EUR / USD
1.1661 (August 17th bottom), 1.1641 (5-month upward trend) and 1.1611 (26th July bottom), 1.1830 (August 21 summit), 1.1846 (August 11 summit) and 1.1894 You can create.