EUR / USD today: euro remains under pressure despite correction
On Monday, the pair EUR / USD closed the day with a decline in the growth of political risks in Germany. As a result, the pair updated the minimum at the level of 1.1580, but after it was adjusted. Today, with a positive opening of the European session, the correction movement on the euro remained.
Events for today:
- 12:00 – the volume of retail sales in the euro area (m / m) .
- 17:00 – a news block on the US: the volume of shipments of civilian production in the US (excluding aircraft), the volume of orders for durable goods in the US (m / m) and the volume of industrial orders in the US (m / m).
- 23:30 – weekly stocks of crude oil in the US according to the American Petroleum Institute (API).
Due to the fact that the dynamics of the US currency depends on the mood of the market and not least the dynamics of the stock exchanges, the American session should expect a resumption of decline in the indices and growth of the American dollar.
The EUR / USD remains also near the significant resistance of 1.1660-70, from which it is possible to retreat with further decrease to the support levels: 1.1630-20 and 1.1600-1.1580. The resistances are the marks: 1.1680 and 1.1700.
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Hanzenko Anton