EUR/USD today: the euro has slowed growth, but maintains an upward trend
With the opening of trading on Monday, the EUR/USD pair is trading with restraint on market uncertainty. The reason for the ambiguous mood remains the US-China trade relations, which, after lengthy negotiations and a rise in the US-based duties, remain the main risk factor and market driver.
The economic calendar today is empty. The main driver of the market will be the general mood.
The EUR/USD pair has been trading in a narrow flat since the start of the day, keeping risks and attempts of the American dollar growth on correction. The weekly uplink is maintained, limited to resistance levels: 1.1250 and 1.1270. Despite the fact that all factors indicate the potential for strengthening this pair, the growth of the euro against the US dollar can be very limited. And therefore the possibility of a reversal from resistance levels is not excluded. Significant support levels are located at the levels: 1.1220 and 1.1200.
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Hanzenko Anton
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