EUR / USD today: the euro remains under pressure
Before the opening of the European session on Thursday, the pressure on the EUR / USD pair resumed with a new force, which is due to the general strengthening of the US currency. As a result, after a short correction, the dollar returned to yesterday’s highs against its main competitors.
Events for today:
- At 15:30 – data on the US: the number of initial jobless claims in the US, production activity index from the Philadelphia Fed (USA) and the employment index of the Philadelphia Fed (USA).
In the context of ambiguous dynamics of European stock indices and moods concerning the American dollar, it is possible to repeat yesterday’s model of movement for this pair.
Technically, the pair EUR / USD remains under the pressure of the downtrend, but is limited by the oversold and lower border of the upward channel. Levels of significant support are the marks: 1.1600 and 1.1580-50, which can be repulsed. Strong resistance will be level 1.1630-50.
Look also: “Figures of Technical Analysis “Diamond” – a precious find for a trader “
Hanzenko Anton
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