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Analysis and forecast of EUR / USD for today, April 8, 2021

On Wednesday, EUR / USD slipped to 1.1862, having lost 0.10% by the end of the day.

During the day, the pair climbed to 1.1915 amid the strengthening of the single currency in the EUR / GBP cross.

The minutes of the FRS meeting published the day before did not bring any surprises, therefore they did not have any influence on the dynamics of the asset. FOMC members unanimously voted to keep rates at near-zero values ​​and left the volume of the asset purchase program at $ 120 billion / month. At the same time, the regulator noted the growing risks of inflationary pressure but considers them balanced.

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Today, major currencies are winning back losses from the US dollar. Since the beginning of trading, Pacific dollars have added the most – Australian (0.26%) and New Zealander (0.31%), which demonstrates the growing interest of investors in risky assets.

EUR / USD is quoted at 1.1881. After falling to 1.1861, the pair corrected by about 11 hours. If the pressure on the dollar continues with the opening of London, we expect the EUR / USD to continue to rise to 1.1895.

We continue to monitor the European crosses, primarily the EUR / GBP, where, due to the fixing of longs, the fall of the euro may intensify.

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By daily formed yesterday candles evening star or pin bar. The target of the model is 1.1810.

The nearest supports are 1.1860 and 1.1838.


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