EUR / USD today: the pair resumes decline, but it is limited

At the opening of the European session, the pair EUR / USD was under considerable pressure, despite the preservation of risks relative to the US currency. The reason for the sale of the euro was the comments of the head of the ECB Draghi at the forum in Portugal, in which the restrained policy of the Central Bank of the eurozone was observed regarding tightening of the monetary policy, which eventually resumed the sale of the single currency.

Events for today:

• 15:30 –  data on real estate in the US.

With the pair (EUR / USD) having a minimum at the level of 1.1550, it is necessary to expect the resumption of the downward movement and the growth of the US dollar. But at the same time, negative moods on the market will deter the American dollar, which can cause correction. Support levels: 1.1550-30 and 1.1480, resistance: 1.1600-20 and 1.1640-50.

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Hanzenko Anton