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.
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Hanzenko Anton
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