EUR/USD today: maintains a downward dynamic

From the start of the day, the EUR/USD pair has been trading at the opening of the day, despite weak data on business activity in Germany. This movement is partly due to the correction after yesterday’s decline in the pair, which justified yesterday’s expectations. At the same time, the euro does not develop a significant correction.

The economic calendar for today remains empty for this currency pair. The main market driver at the same time remain general market sentiment.

EUR/USD pair maintains a downward trend, limited to the level of 1.1200, a break of which will open the way to support levels: 1.1180 and 1.1160. Resistance is located at the levels: 1.1230 and 1.1240, which corresponds to the upper limit of the downward channel.

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Hanzenko Anton

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