Today, the single European currency has good chances of strengthening, although in the middle of the day, it will be under slight pressure. Shortly before noon, there will be data on consumer lending, whose growth rate should accelerate from 2.8% to 2.9%. The growth of consumer activity, of course, will please investors, but not very much, since almost immediately after that, not so good news is expected. The index of business optimism in the industry may fall from 8.8 to 8.0, the index of sentiment in the economy from 114.7 to 114.0, the indicator of the business climate from 1.54 to 1.47, the indicator of sentiment in the services sector from 16.7 to 16.3, and the level of consumer confidence may remain unchanged. But already closer to the evening, the euro will get a good support from US statistics. In particular, orders for durable goods should be reduced by 2.0%, and the growth rate of house prices will slow from 6.4% to 6.3%.
The currency pair euro / dollar, reaching a periodic value of 1.2260, slowed the movement and as a result, returned the quote to a mirror level of 1.2340. Now, we see a wobble within the value of 1.2340 with an attempt to overcome it, but as a result, we get punctures. Probably consider two variations. The first scenario is in case of fixing the price above 1.2350, a move to 1.2380 / 1.2400 is possible. The second variation is that the quotation can not be fixed higher, as a result of getting a bolt in the range of 1.2380 / 1.2340.