21.06.201808:56 Forex Analysis & Reviews: Trading plan for EUR / USD pair as of 06/21/2018

Even a phantom but a single European currency today has a chance to improve its position a little. In Europe itself, there is no data that comes out and Mario Draghi no longer speaks. Although he already said everything, so even if he did, we would not hear anything new. ut the US does not expect the best data on employment, as the number of applications for unemployment benefits should increase by 35,000. If you look at them in detail, the number of initial applications for unemployment benefits can grow by 2,000, while repeated as much as 33,000. A significant increase in the number of repeated applications for unemployment benefits clearly indicates a possible deterioration in the labor market. Although the common European currency is clearly oversold, do not forget that investors are still under the impression of Mario Draghi's statement about a possible further extension of the quantitative easing program. So the growth potential of the single European currency is very limited.

The EUR/USD currency pair felt support and rolled back the quotation to the level of 1.1650, after approaching the local minimum of 1.1513. It is probable that the fluctuation within this range is 1.1513 / 1.1650.