EUR/USD today: the dollar relieves pressure on the growth of optimism

Since the American session on Wednesday the US dollar has moved to correction, which was caused by technical correction of positions and profit taking. As a result, stock markets also show growth, which helps restore optimism in the market. The euro, like most of the world’s currencies, has also receded from the lows.

Events for today:

• At 15:30 –  construction report in the US: building permits (July),  building permits (m / m) (July), housing starts (m / m) (July), housing starts (July), initial jobless claims, Philadelphia Fed production activity  (Aug) and Philadelphia Fed employment index  (Aug).

On Thursday, the pair EUR/USD is trading with a strengthening on the correction and growth of optimism. On the other hand, the overall downtrend is maintained, the resistance levels are located at the levels: 1.1410-00 and 1.1450-60. From these levels it is necessary to expect repulse with further return to the downward dynamics. Support levels: 1.1300 and 1.1250-60. But for this it is worth waiting for confirmation of the renewal of the decline.

 

Read also: “How to get out of the lock? Let’s consider all the options. “

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Medium-term prospects for the US dollar for August-September
2. Emerging markets and their prospects: Chinese yuan (CNH or CNY)
3. Stock indices: the Japanese market

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!