EUR/USD today: the pair maintains an uptrend

As a result of the previous week, the pair EUR/USD managed to close with growth and update the level of 1.1650. As a result, the upward dynamics of this pair is preserved. The main driver of the US dollar decline is the growth of optimism in the market and aggravated political risks.

Events for today:

• 17:30 – Dallas Federal Reserve Bank  business activity index in the manufacturing industry  (Aug) USA.

Significant support, from which it is worth considering transactions for purchase, are the levels: 1.1580 and 1.1550, the lower limit of the uplink. The main resistance is located at the levels: 1.1650 and 1.1680-700. As a result, it is expected to update the monthly maximum and as a result, the deceleration of the three-month downtrend in the pair EUR/USD.

Read also: “Stock indices: the UK market”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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