EUR / USD today: euro is under pressure of correction against Friday
After the Friday collapse of the dollar on Trump’s comments on the strong national currency, the pair EUR / USD is trading against Friday, thereby adjusting to overbought and maintaining the uptrend.
Events for today:
- At 17:00 – data on excisting home sales in the US.
The main focus of the market remains chained to the monetary policy of the US Federal Reserve and the position of the Trump administration.
In the conditions of the technical correction of the EUR / USD pair after Friday’s growth, strong support is located at the levels: 1.1680 and 1.1660, from which it is expected to repel. On the other hand, the pair’s return below the level of 1.1700 indicates the preservation of a two-week downtrend, the upper limit of which lies in the range from 1.1700 to 1.1750. As a result, there may be some uncertainty in the market.
Read also: “Euronext Stock Exchange – Association of European Stock Exchanges”
Hanzenko Anton
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