EUR/USD today: the euro remains under pressure - Ester Holdings

EUR/USD today: the euro remains under pressure

The euro remains under pressure against major competitors, that  was caused by political risks in Italy in addition to the growth of the US dollar. As a result, political risks in the eurozone rose sharply.

Events for today:

  • 15:30 –  data on the United States: core price index for personal consumption expenditure (m / m) (Aug), core price index for personal consumption expenditure (y / y) (Aug), personal spending (m / m) ( Aug).
  • 16:45 –  index of business activity (PMI) in Chicago (Sept) USA.
  • 20:00 –  number of oil rigs from Baker Hughes in the US.

The EUR/USD has remained under pressure since the beginning of the day, while the euro remains oversold across the market. The breakthrough of psychology 1.1600 points to the formation of a downward channel, which, in turn, will be limited to support levels: 1.1580 and 1.1560-50.


Read also: “The lock: One more time about the ways out”

Hanzenko Anton

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

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