EUR/USD today: the euro keeps an uptrend

The EUR/USD pair, despite the attempts of the American dollar growth on the growth of the US state bonds yield, continues to trade in an upward trend, receiving support from the growth of optimism in the stock markets. The opening of European stock indices above zero confirms the preservation of this dynamics.

Events for today:

• 11:30 – data on consumer prices in the UK
• 15:30 – data on real estate in the US primary market.
• 17:00 – the speech of the ECB President  Draghi will take place.
• 17:30 –  data on oil inventories in the United States.

Against the background of continued optimism on the stock exchanges, the US currency will remain under pressure. As a result, we should expect a repeat test of resistance levels 1.1710-30, resulting in an ascending triangle. The signal to the slowdown of the uptrend will be the test of the support level 1.1650. Strong resistance is located at the levels: 1.1730 and 1.1750.

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Hanzenko Anton

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

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