EUR/USD today: the pair remains in oversold zone

On Thursday, the pair EUR/USD closed the day with a decrease in the growth of pessimistic sentiment regarding the euro after the press conference of Draghi. The reason for the sale of the euro was the preservation of the ultra-soft monetary policy of the ECB and the lack of hints on the curtailment of the incentive program, as a result of which the sale of the euro resumed with the opening of the European session.

The day was very full of news, which was especially pronounced on the British pound. But the driver of the market remains the strengthening of the American and the resumption of demand for shares.

After the next sale of the euro, the pair EUR/USD remains in oversold zone and is limited to support levels: 1.2050 and 1.2030, from which the repulsion or formation of a flat is possible. At the same time, the overall downward dynamics of the pair remains, but due to oversold and forthcoming holidays, a further decline in the euro is unlikely without correction. Resistance levels are: 1.2100 and 1.2120.

Fig. EUR/USD. The current price is 1.2060.

Hanzenko Anton