EUR/USD today: the euro maintains potential for growth on optimism

Since the start of trading on Wednesday, the EUR/USD pair has been trading with a strengthening on the growth of optimism and weakness of the US dollar. The reason for the growth of optimism is the expectation of positive results on the US-China trade negotiations, which were started at the beginning of the week.

Events for today:

• 17:30 – data on oil reserves in the United States will be published.
• 21:00 – FOMC protocols will be published.

The main driver of the market is the optimistic sentiment around the US-China trade negotiations. It should be noted a certain restraint of the market against the dollar, which may be due to the anticipation of the results of the deal.

The EUR/USD pair continues to be strengthened trading in the upward channel on the general optimism, indicating a potential for growth from support levels: 1.1450 and 1.1430-20. An update of weekly highs at 1.1470-80 will open the way to resistance levels: 1.1510 and 1.1530.

Read also: “Deutsche Bank – alive or  not?”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Geopolitical risks for the beginning of 2019! (Part 2)
2. Geopolitical risks for the beginning of 2019!
3. Top 5 books on trading. Read and progress!

Current Investment ideas:

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