© O Financista. EUR/USD hesitates in the face of a current charged
Investing.com – The pair EUR/USD is stabilizing on Thursday, traders hesitant in the face of a current loaded, and full of uncertainties.
Recall that yesterday morning, the Euro had benefited from the revision upward surprise in the PMI indexes of european services for the month of march.
However, the resistance zone of 1.1250 was quickly coming to impede the upward movement, preventing the EUR/USD pair move more towards a bullish reversal to be sustainable.
Today, the economic calendar will be light loaded. After the orders to the industry of the German the disastrous published this morning, which had only a very limited impact, traders will no longer have the minutes of the last meeting of the ECB and the inscriptions weekly unemployment US to be put in the tooth, respectively to 13: 30 and 14: 30.
We will also remain attentive to any information on the subject of trade discussions China-USA, after the White House announced yesterday evening that president Trump will meet with the deputy Prime minister chinese Liu on Thursday.
The Wall Street Journal estimated the same according to its sources, a peak Trump-Xi, during which an agreement would be signed could be announced as early as today.
The Brexit, and its influence on the GBP/USD also remains a topic to keep in mind this Thursday.
From a graphical point of view, it is interesting to note that the EUR/USD is trapped between its moving averages 100 and 200 hours, at 1.1222 and 1.1248, thresholds which constitute the first support and first resistance near current levels.
Above 1.1248-50, the next resistances to watch are at 1.1285, 1.13 and 1.1330 in a first time. In the event of a failure under 1.1222-20, the next support is located at 1.12, 1.1185 and 1.1175, the low of this year.
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