EUR/USD today: the pair forms a reversal
The EUR/USD pair at the start of the day updated the high at the level of 1.1250, which formed a significant resistance and proceeded to correction. At a retreat from zone 1.1200-50, this pair remains in a significant overbought state, and is also limited by a monthly downtrend.
Events for today:
- 17:00 – the number of open vacancies in the JOLTS labor market (June) in the United States will be announced.
- 19:00 – a speech by a member of the FOMC Bullard will be held.
The EUR/USD pair reached significant resistance after growth. In the region of 1.1200-50, we should expect the formation of a reversal with a further decrease.
Sales should be considered in the range of 1.1180-60.
Updating highs at the level of 1.1220-1.1250 will cancel expectations for a decline. Support levels and goals are located at marks: 1.1120 and 1.1080.
Read also: “Gold. Expectations for March 2019!”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog: