EUR/USD today: the pair remains in a downtrend
After Friday’s mixed US employment data, the pair EUR/USD remains clamped in a downtrend last week, while limiting itself to the oversold and lower boundary of the monthly downtrend.
The economic calendar for today is empty, therefore the dynamics of the market will be in the power of moods.
A moderate decline is expected from the pair EUR/USD with a test of support levels: 1.1550 and 1.1530, which also correspond to the lower boundary of the monthly downtrend. Also from these levels it is worth expecting a repulse, which is due to overbought of American dollar.
Read also: “Emerging markets and their prospects: South African Rand (ZAR)”
Hanzenko Anton
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