EUR/USD today: the euro remains under the pressure

The euro remains under the pressure against most competitors despite the growth of economic sentiment in Europe. The main decline in the euro can be traced against the US dollar, which is associated with the resumption of optimism in the market and the general strengthening of the American dollar.

The EUR/USD pair updated the month’s low at 1.1010 in the conditions of the resumption of positive moods, indicating the preservation of the downward trading channel, which can be traced from last week. Further decline of the euro against the dollar is limited by uncertainty, which led to the formation of lateral dynamics. Significant resistance are the marks: 1.1040 and 1.1060, support: 1.0990 and 1.0970.

Read also: “Risks of global economic slowdown are escalating”

Hanzenko Anton

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