EUR / USD today: euro is under the pressure of political risks (Anton Hanzenko)

After a very strong growth on Friday on reaching an agreement on migrants, the pair EUR / USD opened a new week for a new week, which was also caused by an aggravation of political risks in Germany. As a result, there is a movement against Friday.

Events for today:

• 16:45 – the index of business activity in the manufacturing sector (PMI) of the United States .
• 17:00 – data on the US: the US employment index in the manufacturing sector from the ISM and the index of business activity in the manufacturing sector (PMI) of the United States from ISM.

In the conditions of working off the movement against Friday on the risks in Germany, further decline of the EUR / USD pair will be limited. So, the main support is located at the levels of 1.1640-20 and 1.1600. It  is possible a more significant decline against the background of further glow in the euro area and correction. In turn, the resistance is located at the levels: 1.1660 and 1.1680-1.1700.

Read also: “How long will the rising rally of the American continue based on the growth of   profitability of the US bonds? “

Hanzenko Anton