The pair declines.
Since yesterday's trading session we have seen that the pair has fallen below the 1.15 mark, but has not yet been able to gain a foothold. Despite the controversial data released yesterday in the US, the US dollar strengthened. The dollar index rose above the 95.00 mark and showed the largest increase in the current month.
An EU summit will take place today, but the current negotiations on Brexit will most likely affect the British pound exchange rate more than the single currency. Perhaps we will observe an increase in volatility in this period.
From the US today we expect the Purchasing Managers Index from the Federal Reserve Bank of Philadelphia, as well as a number of macroeconomic indicators, including data on the labor market.
At the moment, technical indicators clearly point to a sell. We also expect the pair to test annual lows again and continue the downward movement.
We advise you to look for points to enter short positions. Consider as your goals the marks of 1.1450 and 1.14.
