EUR / USD today: euro slows its growth
The Friday trading session was closed by the strengthening of the EUR / USD pair, which was caused by positive data on the euro area and a decrease in the yield of US state bonds. But the worsening of trade relations between the US and the EU on the possibility of introducing duties on cars added uncertainties to trading, which was traced in the first half of the day.
Events for today:
- 17:00 – release data on the sale of new housing in the US.
The market turned to a trade confrontation in the US, which could cause volatility to rise in the mood changes.
The EUR / USD remains clamped in an uptrend, but is limited by resistance 1.1680-70. Support is located at the level of 1.1640-20. In conditions of uncertainty, both levels remain very significant and from them both continuation of movement and a turn are possible.
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Hanzenko Anton