EUR/USD today: the dollar remains optimistic

Monday’s trading in the EUR/USD pair and in the market in general showed multidirectional dynamics. The main driver of the ambiguous dynamics of the American dollar was a change in sentiment towards the euro and the US dollar. After the correction against Friday, investors returned to buy the US dollar, which was further strengthened by the possibility of settling trade relations between the US and China.

Events for today:

• 16:00  –  S&P/CS Composite-20 house price index  seasonally adjusted (y/y) (September) in the USA.
• 17:00  – CB consumer confidence index (November) will be announced in the USA.
• 23:30 – API weekly stocks of crude oil in the United States.

The main driver of the market remains the general strengthening of the US dollar, which also caused a decline in European stock indices.

EUR/USD pair remains under the pressure of a downtrend, despite the pair being oversold and attempts at correction. Significant resistance levels are the marks: 1.1330 and 1.1360. Support has shifted to the marks: 1.1300 and 1.1280-60. At the same time, the potential for reduction remains.

Read also: “Euronext Exchange – Association of European Stock Exchanges”

Hanzenko Anton

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

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