At first glance, the single European currency has chances of growth today. In particular, although the second estimate of Europe's GDP for the first quarter should confirm the fact of slowing economic growth from 2.8% to 2.5%, this will not make a strong impression, as it has long been taken into account by the market. But the growth rates of industrial production can accelerate from 2.9% to 3.7%. In turn, the growth rate of retail sales in the U.S. should slow down from 4.5% to 4.1%. However, the potential for growth of the single European currency is somewhat limited, as market participants are waiting for tomorrow's inflation data.
The EUR/USD currency pair approached the value of 1.2000, felt a periodic ceiling over itself, where the quotation rolled back to the value of 1,1900. It is possible to assume that after a slight stagnation near the mark of 1.900, buyers will try to restore their positions. Thus, continuing the formation of the corrective movement 1.1980 ---> 1.2000.
