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The pair will try to update its minimums.
Our pair continues to be in a narrow corridor and volatility in the pair has declined over the past few days. Today we are waiting for a number of macroeconomic indicators for the United Kingdom.
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The intensive economic growth in Japan is over and has changed to a slowdown. So now is the best moment for the deals to BUY, given that the rates are in the oversold zone and the beginning of the price correction in favor of the NZD.
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The pair is going up

This week’s data on retail goods in the US strengthened investors' expectations of higher interest rates this year. Against this background the dollar index strengthened and reached the figures of December 2017.
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Is the US-DPRK summit happening?
When North and South Korean leaders met at the end of April their summit was significant in more ways than one. First, most obviously, it was an important step towards friendship and peace between the two halves of Korea.
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The pair will move down.
Due to the progress in the negotiations between the US and China, we can assume that the situation is stabilizing. The US dollar continues to strengthen and we see a continuation of the downward movement in our pair.
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https://superforex.com/analytics/eur...0518/?x=FORUMS

The pair will go up.
After a prolonged decline against the background of the growth of the US dollar, the pair reached the level from June of last year and at the moment it is growing. Now we expect the price to advance to the resistance level near the mark of 0.7640.
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https://superforex.com/analytics/aud...0518/?x=FORUMS

The head of the White House announced that he did not have high hopes for the upcoming June 12 meeting in Singapore with Kim Jong-un. He also said that he did not want to spend too much time with his opponent, amid the uncertainty of talks between South and North Korea.
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We have a downtrend for this pair.
Looking at our pair, we can currently observe the formation of a third wave and expect it to be the strongest. The US dollar continues to strengthen against the basket of major currencies and the dollar index at the moment is at 94.61, which is the highest since November 2017.
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The EUR is under pressure due to new political instability. However, the deals to BUY still seem the most effective after investors have already considered the new political risks.
For the last two months the trend has changed to a downward one. Political instability and the associated risks for the Eurozone are returning to the EU.
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The pair is drawing the fourth wave currently.
Today the data released from the EU showed mixed results. For example, the unemployment rate increased, but the consumer price index rose above the projected figure. This balanced the single currency.
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