EUR / USD today: the pair remains under pressure
For the EUR / USD pair after yesterday’s updating lows at 1.1550-40, yesterday’s grounds for uncertainty remain, as does the trading range from 1.1550-30 to 1.1600-20.
Events for today:
- 13:00 – the index of industrial orders (CBI) in the UK.
- 16:30 – the speech of the US Federal Reserve Chairman Mr. Powell will be held.
- Also at 16:30 – the speech of the head of the ECB Draghi will take place.
- 17:00 – data on real estate in the US.
- 17:30 – data on oil reserves in the US.
The positive start of the stock indices in Asia and Europe indicates the resumption of optimism in the market, which may serve to resume euro sales in the short term. But the main risks remain around the US trade confrontation, which limits the American dollar.
Technically, the EUR / USD remains under pressure. And breaking through the support levels: 1.1550 and 1.1520, will indicate a further decline in the pair to levels 1.1500-1.1480 and 1.1450. Resistance are the marks: 1.1600 and 1.1640.
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Hanzenko Anton