EUR/USD today: euro is near significant support

As a result of trading on Wednesday, the pair EUR/USD closed with a slight increase, thereby maintaining an uptrend, but slowing down due to a decline against the pound and franc. At the same time, yesterday’s expectations for the strengthening of the pair remain.

Events for today:

• 15:00 – German consumer price index (CPI) (m / m) (Aug).
• 15:30 – data on personal expenses in the US.
• 20:30 – the speech of the President of the Bundesbank Weidmann will take place.

As long as the EUR/USD remains above the key support: 1.1670-50, the uptrend will remain in place. Transactions to buy should be considered when updating the recent highs of 1.1700-20. With the growth of risks and a more significant decrease in the stock exchanges, the US currency may receive support, which will be the reason for the trend reversal.

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Hanzenko Anton

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