EUR/USD today: the euro is recovering and moving against Friday
On Monday, the EUR/USD pair updated the day’s minimum from the start of the day and moved on to growth, triggering correction and movement against Friday. The reason for it was the improvement of moods concerning Brexit and, as a result improvement of general sentiment on the market. At the same time, stock exchanges are trading below zero because of the risks of trade confrontation.
The pair EUR/USD continues to trade against Friday, limiting resistance to 1.1780-90. On the correction, the market can restore a significant part of the lost positions on Friday.
Against the background of the decline in stock indices, this movement will be limited.
The EUR/USD pair is expected to repel from the resistance level 1.1780-90, and it will indicate the formation of a flat and a slowdown in the pair’s growth. Key support is located at the levels: 1.1730 and 1.1710.
Read also: “Fundamental Analysis: The Impact of GDP Indicators on World Currencies”
Hanzenko Anton
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