EUR/USD today: the euro slowed down the growth, but remains upward

The EUR/USD pair remains restrained on Tuesday trades after the rapid growth yesterday on reducing the likelihood of a trade deal between the United States and China. In the conditions of trade uncertainty, this pair remains to tbe raded in flat, restrained after the growth.

Events for today:

• 15:30 – data on construction in the USA will be released: building permits (m/m) (oct) and housing starts (oct).

The EUR/USD pair continues to trade with strengthening after updating the high at 1.1090 and aggravated trading risks, despite attempts of correction, actually moving to the upward trend against the decline in the past weeks. Despite the significant dependence of trading on the US – China trade talks, technically this pair remains in an uptrend, limited by resistance levels: 1.1080 and 1.1100, attempts of downward correction. Support is located at marks: 1.1060 and 1.1040-30.

Read also: “Risks of global economic slowdown are escalating”

Hanzenko Anton

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