EUR/USD: The Euro continues to lack direction, before a speech of Draghi

© Reuters. EUR/USD waits for an interventin of Mario Draghi

The volatility increases, but the trend is still uncertain on the EUR/USD pair, which has performed since Monday, several unsuccessful attempts to cross the resistance of 1.12.

The escalation in trade tensions between China and the United States, the central theme on the financial markets this week, also quite quiet, not to help visibly’t have the Dollar to find a clear direction in the short term, and this hesitation is reflected on the EUR/USD.

Today, in addition to the potential new information about the relationship China-USA the forex traders will be watching the Minutes of the meeting of the ECB, as well as a speech of Draghi at 1330.

Apart from this, the economic calendar will remain empty of statistics potentially influential.

From a technical point of view, the uncertainty is confirmed by the oscillation of the pair of courses around the moving averages 100 and 200 hours, and no signal directional light can not be identified in the short term.

It will only be so for now the important thresholds, with the increase 1.1220-25, 1.1260 and 1.13 for first resistances, and lower 1.1165-70, 1.1150, 1.1135 and 1.1100 for the first media.

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