EUR/USD - Overview from 03.09.2024

Financial and commodity markets analytics


The United States is returning to full-scale trading after long holidays. Today, attention will be focused on data on the production sector, the publication of which can affect the volatility of markets related to the US dollar. Against this backdrop, the EUR/USD pair is updating local lows, heading towards the previously outlined target zones 1,1000 and 1,0900, in the areas of which the first significant resistance to decline may arise. However, at the moments of publication of indicators, in cases of significant discrepancies with forecasts, a significant increase in volatility is possible with overcoming any levels, both in the direction of a decrease and in the direction of a rise in quotations.