EUR/USD today: the pair remains under pressure from the risks despite the correction (Anton Hanzenko)

At Tuesday’s trading the EUR/USD pair remains under pressure from political risks, confirming yesterday’s expectations, but is limited to a correction and a decrease in the US state bonds profitability that caused a restrained correction against Monday.

Events for today:

• 18:20 – the speech of the Bank of England Governor Carney will take place.
• 11:30  –  API Weekly crude oil stocks  in the United States.

The EUR/USD pair will remain under pressure in terms of the dollar correction and risk preservation. But it will be limited to the correction phase, which, in turn, is limited to resistance levels: 1.1480 and 1.1500. The levels of support and targets are the marks: 1.1450 and 1.1420.

Read also: “MACD indicator is a reliable tool for technical analysis”

Hanzenko Anton

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