EUR/USD today: the euro returns to growth

From the start of the day, the EUR/USD pair has been trading with a strengthening on the weakness of the dollar and the resumption of negative sentiment. Thus, the pressure on the American dollar continues to be due to geopolitics and the US government shutdown. As a result, from the start of the day, the EUR/USD pair almost completely won back lost positions yesterday and is trading near yesterday’s highs, limited to overbought.

Events for today:

• 15:30 -initial jobless claims in the United States.
• 17:00 – a news block on the US: consumer confidence index CB (December) and new home sales (November).

In the conditions of renewed pessimism in the market, we should expect the resumption of dollar sales and investors’ flight from risks. The growth of the EUR/USD pair may be limited by overbought. Significant support is located at levels: 1.1380 and 1.1350, resistance: 1.1420 and 1.150.

Read also: “What is Intervention? Its Impact on the Foreign Exchange Market.”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. The S&P 500 index as a market sentiment index!
2. Expectations from the USD/CAD pair at the end of the year!
3. Safe assets and how to trade them in the Forex market.

Current Investment ideas:

1. “Earn big money on the shares of the largest US bank!”