EUR/USD today: the euro keeps growing against the US dollar
On Monday, the EUR/USD pair continues to grow, updating a two months high. The driver for the growth of this pair remains the preservation of optimism for Brexit and the expectation of rates cuts in the United States. At the same time, the euro remains overbought against the dollar and may be limited to attempt of corrections.
The economic calendar at the start of the week remains empty. The situation with Brexit continues to be the fundamental factor in the market movement.
The EUR/USD pair continues to show growth, limited by overbought and attempts of correction against Friday. Separately, it is worth to noting the weekly overbought euro against the dollar, which may cause a correction. Further strengthening of this pair is limited to the area from 1.1190 to 1.1220. It is expected to rebound or form a flat, which will also partially relieve overbought. Support are the marks: 1.1150 and 1.1120.
Read also: “Stock indices are ready to renew a historical maximum”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- What to expect from the Bank of England in the face of a tough Brexit
- The results of the US-China trade talks
- Cloudy prospects for the oil market
Current Investment ideas: