EUR/USD - Overview from 19.11.2024

Financial and commodity markets analytics


As we suggested yesterday, due to the lack of significant catalysts of activity in the market, the EUR/USD pair did not show significant dynamics. The attempt to rise above the support zone does not look convincing and the price continues to stay not far from the previously mentioned 1.0530 mark. Of the news that may affect the volatility of the instrument, today we can highlight the Eurozone consumer price index. The support zone remains relevant, but we can not exclude the update of the local minimum. The market consolidation under 1.0450 looks unlikely, but testing of this minimum is also quite possible.