EUR/USD today: the pair is limited by lateral dynamics

At the opening of trading on Tuesday, the EUR/USD pair maintains lateral dynamics, which can be traced from last Thursday. Trading range is limited by levels from 1.1050-80 to 1.1020-00. Tuesday’s trading is directed more against growth on Monday.

Events for today:

• 17:00 – JOLTS job openings (July) in the United States will be published.

General dynamics of the EUR SD pair remains restrained, limited by the resistance level of 1.1080. Given the restrained dynamics of the market and a decline after yesterday’s growth, a second test of support levels 1.1020-00 is expected. A further decline will indicate the formation of a downtrend.

Read also: “The risks of a trade war are back”

Hanzenko Anton

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