EUR/USD today: the euro is adjusted after the decline
The trades closed on Monday with a decrease in the pair on the pound crash caused by the Brexit risks. As a result, the expectations for the growth of the EUR/USD pair have not been fulfilled. At the same time, it is worth noting that the upward trend in this pair has been preserved, confirming the growth of optimism in the stock markets.
Events for today:
- 15:30 – US data will be released: producer price index (PPI) (m/m) (November) and producer price index (PPI) (m/m) (November).
- 23:30 – API Weekly crude oil stocks in the United States.
The main driver for the strengthening of the euro against the dollar is the growth of optimism in the stock markets and the correction against yesterday’s decline. It is also worth noting that the uncertainty regarding Brexit continues to put pressure on the pound and the euro.
The EUR/USD pair maintains an upward trend, limited to the resistance of 1.1390-1.1410. A break of this level will indicate renewed growth potential. Support is the mark: 1.1360 and 1.1340.
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Hanzenko Anton
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