EUR / USD today: the pair maintains an upward dynamics
On Monday trades, the pair EUR / USD is trading with a strengthening on the overall decline of the American dollar, which is caused by weak Friday statistics on the US and the expectation of the results of the summit in Helsinki. As a result, a low-priced sell-off of the dollar remains in the market. At the same time, stock indices remain slightly above zero, limited by uncertainty.
Events for today:
- 15:30 – the US news block will be released: the US core retail sales index (m / m), the NY Empire State manufacturing activity index (USA) and the US retail sales volume (m / m).
- 17:00 – business inventories in the US (m / m) will be published.
The upcoming data on the US is very significant and may affect the dynamics of the US currency. On the other hand, the results of the summit in Helsinki are attributed in absentia to Putin, which also has a negative impact on the dynamics of the US dollar.
The dynamics of the pair EUR / USD remains upward, but is limited by a downtrend. In turn, the consolidation above 1.1680-1.1700 will indicate the refraction of the downward weekly dynamics. Resistance levels: 1.1720-30 and 1.1750.
Read also: “Long-term positions on world indices”
Hanzenko Anton
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