EUR/USD today: euro remains in flat

On Tuesday, trading on the euro is very mixed. So, the euro-dollar pair  remains at the level of opening the day, but demonstrating a multidirectional dynamics against the assets of the safe harbor, which is connected with the publication of data on the euro area and the UK.  Risks and dynamics of stock indices continue to influence on the market, although they have eased the pressure, remain significant.

Events for today:

• 15:30 – the US trade balance: the price index for exports and imports (m / m) (July).
• 23:30 –  weekly stocks of crude oil according to the American Petroleum Institute (API).

The main driver of the market remains general moods and risks associated with the crisis in the Turkish economy. On the other hand, the growth of European stock markets remains very weak, in order to  change radically the mood in the market.

The pair EUR/USD is trading in flat, thereby adjusting after the decline last week. The main resistance is located at 1.1430-50, which is expected to resume decline. Supported by the marks: 1.1360 and 1.1300.

 

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Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Emerging markets and their prospects: Chinese yuan (CNH or CNY)
2. Stock indices: the Japanese market
3. Emerging markets and their prospects: Turkish lira (TRY)

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