EUR/USD today: the euro remains under the pressure of correction - Ester Holdings

EUR/USD today: the euro remains under the pressure of correction

The EUR/USD pair at the trades on Tuesday showed a moderate decline with the formation of a reversal from the resistance level of 1.1250-20, which confirmed the expectations for a decrease published yesterday. However, the actual resumption of decline did not follow due to market uncertainty and continued risks.

Trading on Wednesday remained restrained, limiting itself to the risks of a worsening trade war between the US and China.

The  EUR/USD pair continues to trade in the reversal zone, while maintaining the potential to decrease on breaking through the zone 1.1180-60. In fact, expectations for a decrease in this pair remain unchanged. Support levels and goals are located at marks: 1.1120 and 1.1080. Updating highs at the level of 1.1220-1.1250 will cancel expectations for a decline.


Read also: “Long-term investments in currency pairs!
The EUR/JPY pair»

Hanzenko Anton


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