EUR/USD today: the pair is unloaded before growth

Against the background of the correction of the dollar, the pair EUR/USD moved to a decrease. As a result, support levels are tested: 1.1670-50, thus unloading the overbought pair and opening the possibility for further growth.

Events for today:

• 15:30 – preliminary data on US GDP.
• 17:00 – pending home sales index  (m / m) (July) of the USA.
• 17:30 –  data on oil inventories in the US.

The EUR/USD remains under pressure of correction against the background of the dollar’s recovery. Strong support is located at the level of 1.1670-50, from which it is possible to repel with further growth. From the level of 1.1700, it is worth considering transactions for purchase with further restoration of the euro’s growth to resistance levels: 1.1750 and 1.1780.

Read also: “China is the main locomotive of the world economy”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Stock indices of America: Canada, Mexico and Brazil
2. Trade balance influence on the country’s economy
3. Stock indices : Asia-Pacific region

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!