EUR / USD today: pair is in uncertainty - Ester Holdings

EUR / USD today: pair is in uncertainty

After a multidirectional trade in the first half of the day, the pair EUR/USD is traded ambiguously, thereby remaining in the downward channel of the last two weeks and maintaining the potential for growth at a return above the level of: 1.1650-80. As a result, the ambiguous mood regarding the US currency is confirmed.

Events for today:

  • 16:45 –  data on business activity in the US: PMI in July and PMI in the services sector (July).
  • 23:30 – weekly stocks of crude oil according to the American Petroleum Institute (API).

Data on business activity remain the main driver for today. Also, don;’ forget about the risks associated with protectionism and trade confrontation of the United States, which can resume at any time.

Technically, the EUR / USD remains clamped in a truncated triangle from 1.1650-80 to 1.1700-20, the exit from which will indicate the movement to one side. But it is worth noting that while the pair hasn’t fixed above 1.1750, the two-week downtrend persists.


Read also: “Strategy of Three Elder Screens”

Hanzenko Anton

 

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

Topical articles of the trader’s blog:

  1. Stock indices: European Union
  2. Emerging markets and their prospects: Russian Ruble (RUB)
  3. Stock indices: the US market

Аналитическая рассылка

Analytical newsletter
Subscribe to the analytical newsletter to be up-to-date with current events!

Вы с украины?