EUR / USD today: the euro forms a spread on the sale of the dollar
After Thursday US President D. Trump expressed his concerns about the strong national currency and the policy of the US Federal Reserve, investors viewed the statement as a kind of verbal intervention by the American, which had a positive impact on the euro as an alternative.
Events for today:
- 20:00 – will publish the number of drilling rigs in the US from Baker Hughes.
The economic calendar is almost empty today. At the same time, the main driver of the market remains Trump’s dissatisfaction with a strong dollar, which may affect the upcoming Fed rate hikes and the risks associated with protectionism in the US.
The pair EUR / USD has been trading near the significant level of 1.1640 since the beginning of the day, the consolidation above which will point to the pair’s turn and will open the way to resistance: 1.1700 and 1.1720. The support levels are: 1.1640 and 1.1620. The main driver of the market will continue to remain negative sentiments for the US currency.
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Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
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