EUR/USD today: the euro remains optimistic
From the start of the day, the EUR/USD pair continues to trade with strengthening, updating the high at 1.1310-20. In addition to the general weakness of the American dollar, this pair was supported by data on business activity in the eurozone. As a result, it slowed down attempts at correction and contributed to the formation of a flat.
Events for today:
- 16:45 – data on business activity in the USA is coming out: manufacturing business index (PMI) (June), composite Markit PMI (PMI) in the service sector (June).
- 17:00 – will announce data on sales in the secondary housing market (May) USA.
The EUR/USD pair continues to be overbought after the collapse of the US dollar, limited to flat from 1.1280 to 1.1320. This is a kind of uncertainty in the current situation. In the face of heightened risks, we can expect further test of resistance levels: 1.1340 and 1.1360. A break of support 1.1280-70 will indicate a correction to the marks: 1.1240 and 1.1220.
Read also: “Geopolitical risks
as fundamental market factors “
Hanzenko Anton
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