EUR/USD today: the euro accelerates the growth - Ester Holdings

EUR/USD today: the euro accelerates the growth

From the start of the day, the EUR/USD pair shows a significant growth, due to a truce in the US-China trade confrontation, which caused the sale of the dollar on purchases of riskier assets and information that the UK could stop the risks around Brexit on the recall of 50 article. The British pound strengthened noticeably, which caused the euro to strengthen and the US dollar to decline.

Events for today:

23:30 – API Weekly crude oil stocks  in the United States.

From the start of the day, the EUR/USD pair has updated the high of the last two weeks at the level of 1.1420, on a decrease in the US dollar. Further strengthening of this pair is limited to a two-month downtrend, the upper limit of which is located at the level of 1.1420-50. We can expect a correction from these levels in conditions of oversold dollar, that will be limited to positive market sentiment. Support levels are: 1.1380 and 1.1350.


Read also: “Emerging markets and their prospects: Turkish Lira (TRY)”

Hanzenko Anton

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