EUR/USD today: the euro remains optimistic

On Monday trades, the EUR/USD pair continues to be traded with a strengthening of the weakness of the US currency and general market restraint. Such dynamics is due to the persistence of downward sentiment on the American dollar after the weak data on the US, which came out on Friday.

The economic calendar at the start of the week remains quite empty. Risk factor and restraint continue to be waiting for a vote on Brexit, which will be held on Wednesday.

The euro maintains a positive trend on the weakness of the dollar and the uncertainty in the UK. At the same time, the EUR/USD pair is limited by a noticeable overbought, which further limits the growth of the euro. Slowdowns of this pair and correction of long positions can be expected from resistance levels of 1.1380 and 1.1400. Support continue to act marks: 1.1320 and 1.1300.

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Hanzenko Anton

 

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