EUR/USD today: the euro resumes a decline

The EUR/USD pair was under the pressure on the overall growth of the American dollar, in the face of the possibility of progress in negotiations on the US – China trade agreement. But, despite this, the risks persisted. This is indicated by the decline in stock indices and the growth of the yen and gold.

Events for today:

• 21:00 – the US FOMC protocols will be published.

The EUR/USD pair  formed a rebound from the level of 1.1090-80 amid the strengthening of the US dollar. This indicates the resumption of the monthly decline and the downtrend, which has been observed since June of this year, opening the way for support levels: 1.1040-30 and 1.0990. So far, the growth of the dollar against the euro is limited by the oversoldness of this pair and the persistence of uncertainty. As a result, a formation of flat is possible.

Read also: “Boris Johnson leads Britain to a hard Brexit”

Hanzenko Anton

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