Yesterday the euro fell 175 points, S&P 500 dropped 2.5%. Macroeconomic news were mixed and could not manage to limit effect produced by the Fed's decision announced on Wednesday. Manufacturing PMI in Germany was lower than expected (48.7 vs. 49.9), Manufacturing PMI in the eurozone surpassed the expectations (48.7 vs. 48.6). US Initial Jobless Claims were 354K against 336K in the previous week. US Manufacturing PMI in June was 52.2 vs. forecast for 52.5. US Existing Home Sales in May totaled 5.18M vs. expectations for 5.01M.
Today at 12:00 GMT+4 Current Account in the eurozone in April is published, forecast 15.1 billion euros vs. 25.9 billion euros in March. There is no data on the US and technically after the correction is accomplished near the low of June 19, 1.3261 we expect the decline of the price resumes with the nearest target in the area of trend line on the H4 1.3175/90.
