EUR/USD
On Thursday, the euro fell by only 2 points. US GDP for the 1st quarter in the 2nd assessment, as expected, was revised down from 3.2% to 3.1%, but investors repeated the events, as during the publication of the first assessment, that is, ignored the data. Investors are probably waiting for more recent data on the income and expenses of consumers, which will be released today. The forecast for April revenues is 0.3%, 0.2% for expenses. At the same time, the index of business activity in the manufacturing sector of the Chicago region for the current month is expected to grow from 52.6 to 55.1.
The technical picture on the daily and four-hour charts is decreasing. The price develops under the indicator lines of balance and MACD, the Marlin oscillator on both charts in the negative zone.
First, the goal of the decline is 1.1075 – the Fibonacci level of 123.6%, the second target is 1.0985 – the Fibonacci level of 138.2%.
