EUR/USD today: the dollar remains weak - Ester Holdings

EUR/USD today: the dollar remains weak

After the publication of the US Fed meeting minutes, the US dollar continues to weaken across the market. EUR/USD pair after growth reached a significant psychological resistance of 1.1300.

Events for today:

  • 14:00 –  the Bank of England meeting results will be published: the total amount of the Bank of England QE program (June), the  interest rate decicsion (June) and the Monetary Policy Committee meeting minutes.
  • 15:30 – the US data will be released: current account balance (Q1), initial jobless claims, Philadelphia Fed index of manufacturing activity (June) and Philadelphia Fed employment inde (June).
  • 23:00 – the speech of the Bank of England Governor Carney will take place.

The economic calendar is eventful. Thus, the publication of the Bank of England meeting  results may affect the market significantly.

The EUR/USD pair continues to trade with a strengthening on the weakness of the US dollar, limited to significant overbought and resistance levels of 1.1300 and 1.1340, from these levels we can expect the formation of a correction. Support is located at the levels: 1.1280 and 1.1250.


Read also: “Cross-rates characteristic”

Hanzenko Anton


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