The euro is under pressure. Economic sentiments declined

The single currency remains under pressure against the US dollar because of the general strengthening of the US currency, as well as weak data on the economic sentiments in the Eurozone.

• According to published data, the economic sentiment index from ZEW fell to the level of 29.3%, against the previous value of 31.8.

Technical analysis: In the course of trading on Tuesday, the pair EUR/USD consolidated below the support line of the uplink channel on H1, which is a signal of a possible continuation of the price reduction of the instrument. At the moment, one should consider the main support levels at 1.2300, 1.2270. The resistance levels are 1,2410, 1,2450.

Fig. EUR/USD. The current price is $ 1.2338.

Alexander Sivtsov