EUR/USD today: the euro remains under pressure from risks and downtrend

Yesterday’s expectations for reducing the EUR/USD pair were fully justified, that confirmed keeping the downtrend for the euro on  risks around the Italian budget and delaying Brexit negotiations. On the other hand, this pair returned to significant oversold and found a support near the level of 1.1450.

Calendar for today:

• 17:00 – the report on real estate sales in the secondary market of the USA
• 18:30 – speech of the Bank of England Governor Carney.

It is possible to update the minimums for the euro in the conditions of Friday’s trading and saving risks. Also, do not forget about the correction of positions at the end of the day, which will contribute to the correction. Stock markets also remain highly controversial.

EUR/USD is expected to move in the trading range from 1.1470-80 to 1.1430-20. With the close of Friday’s trading near new lows, the formation of a movement against Friday possible. Support levels: 1.1400 and 1.1380, resistance: 1.1480 and 1.1500.

Read also: “Geopolitical risks as the fundamental  factors of the market”

Hanzenko Anton

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

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