EUR/USD today: the euro remains under the pressure

The EUR/USD pair is trading lower on the American dollar growth and risks in Europe, which are focused on waiting for easing of the ECB’s monetary policy and the risks of tough Brexit. Against the background of which, the euro updated the monthly low against the US dollar at 1.1190-80.

Events for today:

• 13:00 – index of industrial orders (CBI) (July) in the UK will be published.
• 17:00 – pending home sales (m/m) (June) in the United States will be published.

The main driver of the market are the risks of stimulating the economy and speculation in the US dollar.

EUR/USD remains under the pressure, limited to oversold and 1.1180-90 support. After a low-key correction, which will unload the oversold euro against the American dollar, we can expect a new wave of decline. The support levels are 1.1150 and 1.1130, resistances: 1.1220-30 and 1.1250.

Read also: “Reserve Bank of New Zealand
and prospects for its monetary policy“

Hanzenko Anton

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