EUR / USD today: euro resumes the decline

On Tuesday, the pair EUR / USD closed the day with growth on the general growth of optimism on the market, which also was traced today at the beginning of the day. With the negative opening of the European stock indices, the moods for the pair and the US dollar have changed dramatically. As a result, the pair is trading near yesterday’s lows (1.1640-20).

There are no more planned events for today, and activity by the end of the day will decline due to a day-off in the US. At the same time, the growth of negative sentiment is seen on the European market, despite the positive statistics on business activity in the services sector in Europe.

In conditions of a decrease in liquidity, there may be an aggravation of negative sentiments, which will support the American dollar. Thus, consolidating the pair EUR / USD below 1.1640-20 will open the way to support levels: 1.1600 and 1.1580-70. But the movement can be limited by oversold, which will require a correction. Resistance is the marks: 1.1670 1.1590.

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Hanzenko Anton