The demand for the common European currency allowed it to gain a little value against the US Dollar this morning.
Today’s US news blocks are expected to come out at 14:30 and 18:00GMT.
For today’s American session the Department of Volume Analysis of has defined the following trends:
The mid-term trend of EURUSD: flat
The short-term trend of 6ЕU1 (EURUSD futures) is the following:
One of this week’s biggest volumes clusters - 1.4353 (17000 lots) – is the key point, which is expected to clarify the situation. If the price consolidates above the level the common currency will get a chance to continue its recovery. Otherwise the bears will probably initiate another downswing.
