EUR / USD
On Wednesday, the euro showed persistence in its reluctance to take on the attack of the last obstacle before the medium-term movement supporting the Krusenstern line on the four-hour chart. Part of the mood was spoiled by US data on October orders for durable goods. The data showed a decrease of 4.4% against a forecast of -2.2%. The final consumer confidence rating conducted by the University of Michigan in November was lowered from 98.3 to 97.5. Meanwhile, home sales in the secondary real estate market in October amounted to 5.22 million against expectations of 5.20 million and 5.15 million in September. The US stock market grew by 0.30%, but the dollar lost ground.
Today is a US holiday. There are no reasons for the growth of the euro (the minutes from the last meeting of the ECB is unlikely to show something new). And there is also no reason for the euro to decline. However, investors may already be preparing for Friday because according to the forecasts, indices of business activity in the euro zone are expected to decrease. Also, there will be an expected increase in the USA.
We are waiting for the price to overcome the Krusenstern trend line on H4 in the area of 1.1359 (coincides with the Tuesday minimum) and a further decline to 1.1190.
