EUR/USD today: the euro remains under the pressure

Monday trades were very restrained, limited to attempts of correction against Friday and general market restraint. As a result, the EUR/USD pair corrected, having updated the high at the level of 1.1170 and thereby confirming the potential for decline in maintaining the downtrend.

Events for today:

• At 17:00 – existing home sales (April) in the United States will be published.

The economic calendar remains restrained today, and the main drivers of the market continue to be trade confrontation risks and political risks in Europe.

EUR/USD is still expected to decline. Resistance levels are located at the levels: 1.1160 and 1.1180. Significant support and goals are located at the levels: 1.1100 and 1.1080.

Deals for sale should be considered below the level of 1.1150-40.

Read also: “Black Swan and its prospects in the near future”

Hanzenko Anton

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