EUR/USD today: the euro has resumed its growth, but is limited by uncertainty

At the close of trading on Monday, the EUR/USD pair updated Friday’s high of 1.1210 and re-updated the maximum already on Tuesday at 1.1220. This was caused by the weakness of the dollar on political risks in the United States. The dynamics of the EUR/USD pair remains downward and limited by a side triangle.

Events for today:

• At 17:00 –  JOLTS job openings in the USA will be released
• At 23:30 – API weekly crude oil reserves will be published  in the United States.

The United States and China trade relations continue to be the main driver of the market. Separately, it is worth highlighting the general market sentiment, which also set the tone for trading.

The EUR/USD pair continues to maintain potential for decline. Previously published expectations remain in force, but the reversal zone has shifted to resistance levels: 1.1220 and 1.1240.

Deals for sale should be considered below 1.1190-80.

The goals on the decline remain the same: 1.1150 and 1.1130. Fixing this pair above the key resistance 1.1230 completely cancels down expectations.

Read also: “The US economy continues to grow,
confirming rate increase policy “

Hanzenko Anton

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

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