EUR / USD today: the euro returns to growth
At the trades on Monday, the pair EUR/USD demonstrates growth on maintaining a downward mood in the US dollar due to the publication of data on US GDP. The pair is also limited to overbought, despite support from the negative dynamics of European stock indices.
Events for today:
- 15:00 – the consumer price index (CPI) of Germany (m / m) (July).
- 17:00 – index of pending home sales (m / m) (June) USA.
Against the background of the upcoming news that will come out in the week, the pair should expect a deeper correction.
The EUR/USD pair is still limited to the resistance zone 1.1680, near which a correction with unloading overbought is possible. Closing the day above this mark will open the way to: 1.1700-20 and 1.1740-50. Supported by the marks: 1.1670-60 and 1.1640, the test of which will cast doubt on the upward dynamics.
Read also: “X-ray Elder – Successful Trader’s Strategy”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- In Focus: Analysis of transactions for a EUR/USD pair during the week
- Stock indices: European Union
- Emerging markets and their prospects: Russian Ruble (RUB)