EUR/USD today: the euro is growing on a general optimism

With the positive opening of European stock indices, the EUR/USD pair began to show moderate growth against the American dollar. There are no reasons for an obvious upward movement, as well as downward, but the general sentiments are the main driver of the market.

Events for today:

• 16:15 –  industrial production (m/m) (December) in the United States.
• 20:00 – number of Baker Hughes oil rigs in the United States will be released.

With the closing of the week and uncertainty in the market, confident one-way movements should not be expected. The growth of optimism and the correction of long positions on the American dollar can strengthen support for the EUR/USD pair, but it will be limited. Significant resistance is at the levels: 1.1410 and 1.1430, support: 11380 and 1.1350.

Read also: “Market makers – who they are and whether they are a threat to the trader?”

Hanzenko Anton

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

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