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

Despite the very positive data on the consumer price index in the eurozone, the euro remains under the pressure against the American dollar and safe assets, the reason for which are heightened risks of EU parliamentary elections to be held this week apart from the trade war.

Today, for the rest of the day, the economic calendar will be empty, so there is a possibility of increased volatility on risk renewal, reinforced by the correction of positions before the weekend, because over the weekend new data on a trade war may appear, many market participants adjust positions and buy safe assets, one of which is the US dollar .

The EUR/USD pair accelerated the decline at the opening of negative trading on the European stock exchanges, resuming the downward trend of the current week, which is limited by oversold and support levels: 1.1150 and 1.1130. At the attempts of correction, the test of resistance levels is not excluded: 1.1190 and 1.1210. The overall dynamics of this pair remains downward.

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Hanzenko Anton

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

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