EUR/USD today: the pair remains in the side triangle
Currency pair EUR/USD, after yesterday’s multidirectional fluctuations, remains in flat, thereby retaining the lateral triangle. In conditions of a decline in activity and correction of positions before the weekend, one should expect the American to decline. At the same time, the dynamics of the US state bonds continue to remain restrained near annual highs.
Events for today:
- 20:00 – the number of drilling rigs in the US from Baker Hughes.
Despite the expectation of correction and the strengthening of the euro, the overall technical picture indicates a continuing downtrend of the EUR/USD pair. Thus, consolidating the pair below 1.1800 will open the way to support levels: 1.1760-50 and 1.1720-00. A test of resistance levels is possible with a significant drop in the American and will be limited to levels: 1.1840 and 1.1860-70.
Fig. EUR/USD. Current price – 1.1800
Recommended for reading: “US Trade War 2.0.” New facts. “Anton Hanzenko”
Hanzenko Anton