EUR/USD: The Euro threat to correct them, the point on the factors to watch this Thursday


© O Financista. EUR/USD weakens after a new acceleration yesterday

Investing.com – After re-accelerated to the upside yesterday, the pair EUR/USD weakens on Thursday, threatening to break under the psychological threshold of 1.13 at mid-day.

Recall that the pair took advantage yesterday of the strong rise in GBP/USD, which has joined in the evening a top at 1.3380, a threshold that had not been touched for 9 months.

Today, the pair EUR/USD suffered a correction of the Book, as well as a general decline in optimism, after one has been able to learn that an agreement China-USA will not intervene before the month of April.

Later today, investors will focus on a new vote in Parliament UK, this time about the extension of Article 50 (report of the date of the Brexit) until 30 June, compared to the 29 march currently. A positive vote would be a positive factor for the Euro.

In the economic calendar, we can see some news out of the US that are likely to influence the exchanges this afternoon, with the indices of the import price, and export, the entries in weekly jobless claims, and new home sales.

From a graphical point of view, it should be noted that the pair EUR/USD has just broken below an upward trend line through the lows of Monday, Tuesday and Wednesday, which should encourage potential buyers to use caution.

A break below 1.13 would be a bearish signal further, with in this case of the potential sales opportunities that would put them in the line of sight to the moving average 200 hours currently to 1.1285, before 1.1250, 1.1220, 1.12 and 1.1175.

Has the upside, first resistance is at 1.1335-40, before 1.1350-55, 1.14, and 1.1420.

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