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

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

It is a restrained recovery of the US dollar on the market after yesterday’s collapse . EUR/USD is no exception and is trading downward, limited to support levels: 1.1250 and 1.1230.

Events for today:

  • 17:00 – the US statistics will be released: consumer expectations index from the University of Michigan (July) and consumer sentiment index from the University of Michigan (July).
  • 18:05 – FOMC member Bullard will speak.
  • 23:30 – FOMC member Rosengren will speak.

The day today is also full of speeches by the Fed representatives, which can resume activity in the US dollar.

EUR/USD is trading downward on the correction, limited to support levels: 1.1240 and 1.1220, and the expectation of the US rates cut. The upward dynamic of the dollar is maintained, limited to levels: 1.1280 and 1.1300.


Read also: “Financial issues at the beginning of 2018″

Hanzenko Anton


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