EURUSD Trying to Get BalancedMarket Review, 22/03/2019
The major currency pair is looking for a way to get stabilized, while the greenback followers are trying to recover after the Fed meeting tensions. The EURUSD is currently trading at around 1.1382.
Quite a few PMI and business reports are being released today in the afternoon, covering the Eurozone and some single countries. The EU numbers are very important; the service PMI is expected to slightly go down, while the manufacturing PMI is, conversely, likely to rise. This is quite neutral for the EUR, though.
Meanwhile, the US are releasing the existing home sales, which are expected to rise a little (quite good for the dollar). The preliminary numbers for business activity in March are also being released, also expected to rise.
Any strong reaction to the reports is, meanwhile, unlikely, as the investors are still digesting the Fed's decision and comments. The pair is still under pressure, and one should expect the emotions to calm down before seiing any stability.
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