The pair EUR/USD continued to decline on Thursday, posting a 3rd consecutive day of decline, with new lows annual marginal.
The EUR/USD has marked effect 1.0922, against 1.0925 to the previous low annual.
Among the factors that weigh on the pair today, one finds primarily a strengthening of the us Dollar, against a backdrop of optimism to the relationship China-USA, with the chinese ministry of Commerce has reminded that the two countries are preparing a face-to-face face-to-face for the next month.
The department also took the view that progress should be made with these discussions.
Recall that the decline in concern about the trade war China-USA reduces the likelihood of the Fed lowering its rates again, which relieves the greenback, making them mechanically drop the EUR/USD.
However, the management of the Euro-Dollar could still be largely influenced by the economic calendar this afternoon.
We will wait in effect 14: 30 the final figures of the GDP Q2 of the United States, entries for the weekly U.S. unemployment, and the trade balance of goods at 14h30, before the promises of housing sales US, not to mention the numerous speeches of Fed members.
Thresholds to watch on EUR/USD
For the moment, the EUR/USD hesitates to accelerate to the downside following the new low annual, although this is a bearish signal important. If the decline continues, the next support potential will be the psychological threshold of 1.09, before 1.0850.
If a rebound occurs, the first resistance to monitor is around 1.0965, before the psychological threshold key 1.10.