![](https://esterholdings.com/wp-content/uploads/forex-evro-dollar-3-730x485.jpg)
EUR/USD today: limited by a side triangle
The EUR/USD pair continues to trade in flat from 1.1250-30 to 1.1170-50 despite the growing optimism and restrained recovery of the Americandollar. In addition, market uncertainty and tensions around US-China trade relations remain a significant limiting factor for the market.
Events for today:
- 15:30 – initial jobless claims in the United States will be announced.
Today is a very calm day. The new data on the trade war may trigger a growth of activity in market. The main driver of trading remains the general market sentiment.
The EUR/USD pair is trading flat for the third day. As a result, the pair formed a lateral triangle, which can be a signal of both a reversal and continued growth. Significant resistance zone is located at the level of 1.1230-40, support: 1.1180-70. While the euro dollar remains in the triangle, it is worth taking a waiting position, despite the tendency of the pair to reduce.
Read also: “Safe assets and how to trade them in the Forex market”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog: