EUR/USD today: the euro is overbought

From the start of the week, the EUR/USD pair has been trading with a strengthening in the correction against Friday’s growth and attempts at growth of stock indices, which were limited to stock indices in the Asian region. At the same time, weak inflation data in the eurozone practically did not put pressure on the euro.

Events for today:

• 15:30 – NY Empire State  manufacturing activity index  (December) USA.
• 23:00 – TIC net  long-term transaction (October) in the United States.

Activity remains very restrained from the beginning of the day, despite the resumption of negative sentiment.

The pair EUR/USD, despite the upward correction, continues to be limited by the downward trend. With the strengthening of negative sentiment in the market, we can expect a resumption of the downward dynamic. Significant resistance settled at levels: 1.1350 and 1.1380, from which the rebound is expected. Significant support is located at the levels: 1.1300-1.1280 and 1.1250.

Read also: “Types of trading in financial markets by the duartion of the term of the transaction. Basics”

Hanzenko Anton

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

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