EUR/USD today: the euro remains near the annual lows

Trading on Friday closed with the growth of the US dollar across the market spectrum, which was due to fears and a collapse of the euro on the risks of the Turkish economy.  Other risky currencies were under the pressure following the decline of the euro. The safe harbor assets : the US dollar, the Japanese yen and the Swiss franc strengthened from that fact.

The economic calendar for today is empty, but the market expects significant statistics for the upcoming week.

On Monday, there is a negative start to stock indexes to preserve risks. The overbought of dollar and the absence of negative data contribute to a low-key correction against Friday.

The EUR/USD is trading in flat, limited to oversold, but at the same time forming a common downward trend. Significant support is the mark 1.1360-50, breaking through which will open the way to 1.1300. The resistance is located at 1.1400, and the possible correction will be limited to the level of 1.1450-80.

Read also: “Emerging markets and their prospects: Mexican Peso (MXN)”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Emerging markets and their prospects: Chinese yuan (CNH or CNY)
2. Stock indices: the Japanese market
3. Emerging markets and their prospects: Turkish lira (TRY)

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!