EUR/USD today: the pair is limited to overbought
After the next wave of strengthening of the EUR/USD pair on Friday, on Monday, the pair is trading near a significant resistance level of 1.1400. With the preservation of the weakness of the American dollar the test of resistance level 1.1410-30 is not excluded .
At the start of the week, the economic calendar is empty, and general sentiment and fundamental factors act as drivers of the market.
EUR/USD is expected to maintain a moderate growth with the test of resistance levels of 1.1410-30. Given the overbought condition of this pair and the possibility of forming a movement against Friday, the possibility of a correction to support levels of 1.360-40 is not excluded.
Fig. EUR/USD chart. Current price – 1.1390
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Hanzenko Anton
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