EUR / USD today: the pair remains uncertain on the risks
On the trading on Friday, the pair EUR / USD closed the day with a slight increase in the correction of positions before the weekend and the aggravation of the trade confrontation between the US and China. At the same time, the trading range of Friday remains relevant on Monday.
Events for today:
- 20:30 – the speech of the head of the ECB Draghi will take place.
Given the continuing uncertainty on the market after the rapid growth of the US dollar on Friday, the pair EUR / USD is trading in flat. The negative opening of the European stock indices provides support in the correction against the dollar, but market doesn’t hurry to sell the American dollar. In turn, the range from 1.1550-60 to 1.1640-50 can be regarded as flat, the exit from which will indicate further movement of the pair in the same direction.
EUR / USD Graph. Current price – 1.1610
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Hanzenko Anton