EUR/USD today: the pair maintains an upward trend
The pair EUR/USD, after consolidation above 1.1880-1.1900, is trading in an uptrend, which is also triggered by correction after a two-week decline. Also support for correction is provided by weak data on inflation in the US.
Events for today:
- 15:30 – data on US exports and imports.
- 16:15 – the speech of the head of ECB Draghi.
- 20:00 – a number of drilling rigs in the USA from Baker Hughes.
The pair EUR/USD continues to trade in an upward-corrective trend, thereby unloading the oversold of the dollar. The main resistance level is: 1.1930 and 1.1960-70. One can talk about the resumption of the downward dynamics will be possible after the pair consolidates below the level of 1.1900-1.1890.
Fig. EUR/USD. The current price is 1.1920.
Hanzenko Anton