EUR/USD today: the euro is adjusted
From the start of the day, the EUR/USD pair moved to the correction after the decline, which was caused by the general decline of the American dollar on the correction after the growth and the growth of optimism. Despite the technical correction, pressure on the American dollar is also caused by uncertainty about the monetary policy of the US Federal Reserve.
Events for today:
- 17:00 – the speech of the Fed Chairman Mr. Powell will take place.
- 17:30 – the US crude oil inventories coming out.
- 20:30 – FOMC Bullard member will speak.
- 21:00 – FOMC meeting minutes will be published.
The day today is very full of data on the US, from which you can expect hints of the US monetary policy. This also serves as a reason for the correction of positions on the American dollar.
EUR/USD on the dollar correction updated a high at the level of 1.1230, which significantly slowed down the downward dynamics of this pair, but also partially relieved the dollar overbought against the euro. Waiting for data on the US market will remain restrained. It should be noted that the downward trend in EUR/USD continues. Resistance levels: 1.1230 and 1.1250, support: 1.1180 and 1.1150.
Read also: “The EU and the UK are making compromises on Brexit”
Hanzenko Anton
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