EUR/USD today: the euro is restrained on movement against Friday - Ester Holdings

EUR/USD today: the euro is restrained on movement against Friday

After Friday’s decline of the euro against the dollar on the heightened political risks around the parliamentary elections in the eurozone, the EUR/USD pair at the opening of the new week shows a moderate movement in the flat, adjusting against Friday. In fact, from the start of the day, this pair and the US dollar as a whole remain limited by low market activity.

The economic calendar today is empty. And concerns about geopolitical and trade risks remain significant. Particular attention should be paid to the elections to the European Parliament, which will set the tone for the euro.

The EUR/USD pair, despite the attempts of correction against Friday, maintains the downward trend of the past week.

Therefore, sales deals remain in priority.

The reversal zone is located between the levels of 1.1160 and 1.1180, from which the repelling is expected with a further decrease. These levels act as resistance, the breaking up of which cancels down expectations. The sales zone is located in the range of 1.1160-50. Ideally, it was worth waiting for the test of the upper limit of the descending channel, and then go into sales. Support levels and goals are located at the levels: 1.1110 and 1.1080.


Read also: “Correction is an integral part of the movement
prices on the market and one of the main assistants to the trader

Hanzenko Anton


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

Topical articles of the trader’s blog:

  1. Expectations from the AUD/USD pair for May
  2. Escalation of the US-China trade war and what it means for the market
  3. Skills each investor must develop

Current Investment ideas:

  1. Hewlett-Packard shares are ready to close the gap, and we are ready to close the profits!
  2. Several reasons to buy Walmart shares. Use the chance to earn!

Аналитическая рассылка

Analytical newsletter
Subscribe to the analytical newsletter to be up-to-date with current events!

Вы с украины?