EUR/USD today: the dollar strengthens at risk
Trading on Thursday closed with another decline in the EUR/USD pair. The reasons for the strengthening of the American dollar continue to be such risks: trade war, political uncertainty in the UK and the uncertainty around the slowdown of the global economy. As a result, the US dollar and safe-haven currencies are being strengthened at different rates.
Events for today:
- 15:30 – the US data will be released: core retail sales index (m/m) (May) and retail sales (m/m) (May).
- 15:55 – the speech of the head of the Bank of England Carney will take place.
- 16:15 – the volume of industrial production (m/m) (May) in the United States will be announced.
- 17:00 – business inventories (m/m) (April) in the United States will be published.
Today is a day full of data for the United States, among which it is worth highlighting retail sales data. The index of retail sales in the United States has a significant impact on the US currency.
EUR/USD pair in recent days forms a downward trend in the growth of risks. With negative sentiment intact, we can expect a further decline in the euro against the dollar to support levels: 1.1230 and 1.1200. Resistance is located at the levels: 1.1280 and 1.1300.
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Hanzenko Anton
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