EUR/USD today: the dollar resumes a growth - Ester Holdings

EUR/USD today: the dollar resumes a growth

Trades on Tuesday closed with a decrease in the US dollar across the market, which was caused by a correction against the growth and strengthening of the British pound. Information about the drafting of the Brexit agreement was the reason for the growth of the pound. But it needs to be approved by the UK government still. EUR/USD pair today formed the upper limit of the downward channel, confirming the tendency of this pair to decline.

Events for today:

  • 15:30 – inflation report in the United States: core consumer price index (CPI) (y/y) (October), core consumer price index (CPI) (m/m) (October) and the consumer price index (CPI) (m/m) (oct).
  • 23:30 – API weekly  crude oil stocks in the United States.

The day today is very full of statistics, but the main event of the day remains the publication of the inflation report in the United States.

With the growth of negative sentiment and the formation of a downtrend, the EUR/USD pair remains under pressure. So, fixing the EUR/USD pair below 1.1260-50 will open the way to support levels of 1.1200 and 1.1160-50. Significant resistance settled at levels: 1.1320 and 1.1340-50.


Read also: “Fibonacci lines and trade in crypto currency. Application. “

Hanzenko Anton

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