EUR/USD today: the euro is under pressure from the American dollar

Friday’s EUR/USD pair closed slightly above the open of the day, despite a significant number of new jobs in the US. At the same time, it is worth noting the increase in unemployment, which was the reason for the ambiguous mood in the market. On Monday trades, the ambiguity of this pair is preserved in the absence of drivers and uncertainty.

Events for today:

• 17:00 – data for the United States will be published: nondefense capital goods shipments (excluding aircraft) (m/m) and industrial orders (m/m) (November).

The EUR/USD pair is trading in a downward channel, adjusting against the weekly growth. Therefore, from the level of 1.1460-50 worth considering deals for sale. The update of the high at 1.1480 will cancel expectations of a decline. Significant support is located at levels: 1.1420 and 1.1380.

Read also: “The US economy continues its growth, confirming the rates hike policy”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Fractals. Another simple indicator for earnings!
2. The World Forum: Davos 2019. Globalization is under threat!
3. Long-term investment in currency pairs! The USD/DKK pair!

Current Investment ideas:

1. Intel Microprocessors for Macro Earnings at the Stock Exchange! Connect!
2. Fabulous profit at Walt Disney shares in January!