EUR/USD today: the pair remains under pressure
On Monday, the EUR/USD pair closed lower against the background of growth around the Italian budget and a general decline in stock indices. As a result, the pair updated the current month’s low at 1.1210-00, which also responds with significant psychological support.
Events for today:
- 21:00 – the US federal budget balance (October).
The previously published data on business activity in the Eurozone had virtually no effect on the market, as well as rather weak employment data in the UK.
The main driver of the market and the EUR/USD pair remain general sentiment, which depends on stock indices and political risks, and the dynamics of the US dollar. The EUR/USD pair retains the downtrend on the dollar growth, but is limited to the level of 1.1200, from which can be formed a correction . Support levels: 1.1210 and 1.1190-80, resistances: 1.1260 and 1.1300.
Read also: “Emerging markets and their prospects: Chinese yuan (CNH or CNY)”
Hanzenko Anton
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