Day’s news (GMT 3):
- 15:30 Canada: manufacturing sales (Mar).
- 15:30 US: initial jobless claims (8 May).
- 17:30 Canada: BoC governor Poloz’s speech.
- 18:00 US: FOMC member Kashkari speech.
The pair rose to the balance line as expected. At the time of writing, the euro is trading at 1.0807. The majors are currently trading down, except for the yen. Traders are steering clear of risky assets. However, they are buying bitcoin. In the Asian session, its price reached the $9,450 mark.
We said previously that we’re going to get a complex correction formation. Now the pair is trading at the lower line of the channel. There’s a three-wave formation from 1.0897, so we’re hoping to see a bounce to 1.0857. There’s a support at 1.0785. There’s not much news coming out today.: