On the chart we can clearly see a decline in trading volumes for our pair. Technical indicators show that it is necessary to enter long positions, but the most significant driver for today will be the publication on the execution of the budget in the US. So most traders are not in a hurry to make any deals.
Our pair is now below the 1.23 mark and will soon have to test the level of 1.2275.
Because now it is worth looking for points to enter short positions and in case of a sellout of the euro
, expect testing at a price of 1.22