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Analysis and forecast of EUR / USD for today, April 16, 2021

On Thursday, EUR / USD slipped to 1.1965 (-0.11%), although buyers were moving towards 1.20 and were able to raise the quotation to 1.1993 amid falling Treasury yields to 1.529%.

Retail sales and jobless claims were released yesterday. In March, sales increased by 9.8% against the forecast of 5.9%.

576 thousand applications were received for benefits, with 700 thousand expected. Last week, 769 thousand calls were recorded.

EUR / USD is trading at 1.1969. 22 hours of steam is corrected. In the Asian session, the quotation fell to 1.1950, but then recovered to 1.1972. We look forward to continued growth to 1.1985.

Also read  EUR / USD. 5 May. COT report. Janet Yellen is stirring up the markets.

Euro buyers are supported by some Forex crosses, but EUR / CHF and EUR / CAD are declining.

EUR / USD may be well supported by a decline in US bond yields.

If on the eve of the weekend the market sentiment changes, the nearest target of sellers will be 1.1938 – the 45th degree.


Vladislav Antonov, analyst

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