EUR/USD today: the euro remains under the pressure - Ester Holdings

EUR/USD today: the euro remains under the pressure

At the Wednesday trading, the EUR/USD pair accelerated the decline in the overall strengthening of the American dollar, helped by weak German data and the results of the Bank of Canada meeting. As a result, the US dollar index updated the highs of the last two years, and the EUR/USD pair tested the support of 1.1140.

Events for today:

At 15:30 – the US data will be released: the volume of supplies of civilian means of production (excluding aircraft) (m/m), core durable goods orders (m/m) (Mar), orders for durable goods (m/m) (mar) and the number of initial claims for unemployment benefits.

The growth of pessimism in the stock markets continues to be the main driver of the market, putting pressure on risky assets. The second significant factor in the market movement is the expectation of Friday data on US GDP, on the expectation of which the dynamics of the US currency may be limited.

EUR/USD has been trading with a restrained decline on the dollar’s ​​growth since the start of the day, while the decline in this pair is limited to support levels: 1.1110 and 1.1080, which correspond to significant levels. In conditions of oversold and correction of positions before significant data on the United States does not exclude the possibility of correction. As a result, by the end of the day, it is possible to repeat the test of resistance levels: 1.1160 and 1.1180.


Read also: “Stochastic Oscillator (Stochastic) is another useful indicator”

Hanzenko Anton


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

Topical articles of the trader’s blog:

  1. Multifactorial analysis of the Forex market
  2. Expectations from the USD/JPY for the end of April – early May
  3. U.S. and E.U. Trade War

Current Investment ideas:

  1. CAT shares give SUPER-opportunity to earn in April!

Аналитическая рассылка

分析 交貨
签署每日早晨分析报告,首先了解最重要的市场活动!

Вы с украины?