EUR/USD today
Trades on the pair EUR/USD closed with a slight decrease, which was caused by geopolitical risks in Catalonia and growing optimism about the US currency. Despite the growth of optimism on the dollar, the pair remains limited by support level 1.1740. Given the state of the pair, yesterday’s forecast remains in force.
Market conditions:
- 16:45 – Publication of a news block on business activity in the USA.
- 23:30 – Publication of weekly stocks of crude oil in the US according to the American Petroleum Institute (API).
Despite the fact that the potential for a decline in the EUR/USD pair continues to persist, a breaking off the level of 1.1740-30 indicates a slowdown in the downtrend. Fixing this pair above resistance 1.1770-80 will indicate a reversal of the downtrend, which will be limited to the level of 1.1800. If the price is fixed below 1.1740, one should expect a support test: 1.1710-00.
Hanzenko Anton