Analysis EUR/USD. Pair is getting less active

Greece euroThe major currency pair is getting ready for Easter holidays; the volatility is reducing.

With the Easter approaching, EURUSD is getting less active as investors are leaving the market for celebrations. The current quote for the instrument is 1.1296.

Strong numbers published by China yesterday resulted in local interest to risks, thus putting pressure on the USD and making it fall. However, the US Trade Balance report that was released later eliminated some part of this negative.

There will be a lot of different preliminary reports on the PMI from the Euro Area for April, such as the Manufacturing PMI and the Service PMI, which will be published by Germany, France, and the Euro Area. Most of them are expected to recover after weak March readings, but market players are very unlikely to pay much attention to them.

In the evening, the USA are scheduled to report on the Retail Sales in March, which may add 0.9% m/m after losing 0.2% m/m in February. Apart from this, investors are expecting the Manufacturing PMI for April (may improve) as well as the Business Inventories for February.

Today may probably be the last more or less active trading session this week as tomorrow the Catholic world is going to celebrate Good Friday before Easter, that’s’ why there won’t be any significant reports in the macroeconomic calendar.

Orgin: RoboForex

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