Pair EURUSD. The current situation is not simple, but considering the overall sentiment of currency pairs for today, I currently see only a northern movement. The main target is the important resistance level at 1.1832. If buyers manage to take the initiative, we will see a strong movement to the north. The most important thing is the chosen direction of movement, for now, I am in favor of the north. However, if bears manage to establish themselves below the nearest support level, a trend reversal to the downside is quite possible, but let's not get ahead of ourselves. Today there are several events that can really influence the currency pair. Let's see which events we need to prepare for: For the Euro, there are many medium events today: Germany's Business Expectations Index (Apr), Assessment of the Current Situation in Germany (Apr), Germany's IFO Business Climate Index (Apr), Monthly Report of the Bundesbank, Speech by Bundesbank President Nagel. For the USD, there are a moderate number of different news, but traditionally I will list only the most important ones: Total number of persons receiving unemployment benefits, Number of initial claims for unemployment benefits, Existing Home Sales (Mar), GDPNow Indicator of the Federal Reserve Bank of Atlanta. The news with a 3-star rating and news with a 2-star rating are listed above. Surely this will lead to increased volatility on the chart. Therefore, let's prepare for any situation.
