EUR/USD today: a pair is near significant support

The EUR/USD pair has remained under the pressure from the start of the day, despite the restrained movement of European stock indices, which, in turn, support the euro on negative dynamics. The general market sentiment remains mixed, indicating a lack of uniform dynamics.

The economic calendar remains virtually empty. The main risk factors are trade confrontation, a tough Brexit and the expectation of stimulating the economy in the eurozone.

The EUR/USD pair remains a restrained downward dynaimcs, having found a support at the level of 1.1080. This mark is a significant psychological mark, breaking through which will indicate a further decrease. Resistance is located at the levels of 1.1100 and 1.1120.

Read also: “Stock Indices and Their Impact on the Forex Market”

Hanzenko Anton

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

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