EUR/USD today: the euro remains under the pressure

After restrained negative data on GDP in Germany and the eurozone. The EUR/USD pair remains under the pressure, which is facilitated by the growth of pessimism and the decline in European stock indices.

Events for today:

• At 15:30  – the US data will be released: core retail sales index (m/m) (apr), NY Empire State manufacturing activity index (may) and retail sales (m/m) (apr).
• At 16:15 – will release the volume of industrial production in the United States.
• At 17:00 – will announce the volume of inventories (m / m) (March) US.
• At 17:30 – will release crude oil reserves in the United States

The day today is full of statistics on the United States, which will allow the market to digress a bit from the US-Chinese trade war.

With the EUR/USD support breaking at 1.1200, a further decline is expected, aided by market fears and negative sentiment. In the context of accelerating the decline is expected test support levels: 1.1160 and 11140. Resistance is located at levels: 1.1200 and 1.1220.

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Hanzenko Anton

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

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