EUR/USD today: the euro is under pressure
The EUR/USD pair remains under pressure amid the overall growth of the American dollar on Wednesday and the persistence of risks around Brexit. Correction of the euro from the start of the day, slightly unloaded the oversold of this pair, indicating the possibility of further decline.
Events for today:
- 15:15 – ADP nonfarm employment change (December) in the United States.
- 15:30 – initial jobless claims in the United States.
- 17:00 – statistics on the United States: ISM manufacturing employment index (December) and ISM manufacturing business activity index (PMI) (December).
This day is very full of statistics on the United States, which may cause a correction in positions on the American dollar, while waiting for the Friday employment report in the United States.
With the risks remaining on the market and the correction at the start of the day, we can expect a decline from the EUR/USD pair with a test of support levels: 1.1300 and 1.1270. At the same time, significant resistance is located at levels: 1.1400 and 1.1430, the update of which will cast doubt on the possibility of reducing this pair.
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Hanzenko Anton
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