EUR / USD today: the American dollar is restoring its positions
On Tuesday, with the positive opening of the European stock exchanges, the pair EUR / USD was under pressure, which was caused by the general strengthening of the American dollar on correction and growth of optimism on the market. Despite a restrainedly positive increase in optimism, concerns about the US trade war remain. In the future, they can return the market to safe assets and resume pressure on the American dollar.
Events for today:
- 16:00 – Composite index of the cost of housing S & P / CS Composite-20 (USA) will be released without taking into account seasonal fluctuations (y / y).
- 17:00 – the US consumer confidence index from CB.
23:30 – Weekly stocks of crude oil in the United States will be released according to the American Petroleum Institute (API).
Technically, the pair EUR / USD remains in an uptrend, limited by support levels of 1.1650-40. Strong resistance is located at the level of 1.1700-20, which is a certain “ceiling” in the future growth of the euro against the dollar. Driver for the American dollar’s movement and this pair remain general moods and the dynamics of stock indices, the growth of which will continue to support the American dollar.
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Hanzenko Anton