EUR / USD today: the pair remains in a lateral trend
Trading on Monday closed with a decline for the euro against the US dollar amid rising demand for the dollar due to the optimism caused by the meeting of US President D. Trump and North Korean leader Kim Jong-un, which eventually supported the dollar in early trading on Tuesday. With the mixed trading of European stock indices, optimism ion the market has declined, and investors continued to adjust their positions on the American dollar, pending the outcome of the US Federal Reserve meeting.
Events for today:
- 14:20 – the monthly OPEC report will be held.
- 15:30 – data on inflation in the US.
- 21:00 – a report on the implementation of the US federal budget will be published.
- 23:30 – Weekly stocks of crude oil in the United States will be released according to the American Petroleum Institute (API).
In conditions of waiting for data from the US Federal Reserve and data on US inflation, a surge in volatility is possible. But at the same time, the overall upward trend for this pair remains.
Thus, fixing the EUR / USD pair above the psychology 1.1800 will indicate the resumption of the upward dynamics. Closure of the day below 1.1770-50 opposite will indicate the possibility of reversal of the two-week uptrend.
EUR / USD chart. Current price – 1.1790
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Hanzenko Anton