EUR/USD today: the pair resumes a decline

The EUR/USD pair, after a repeated resistance test at 1.1500, resumed its decline, helped by the persistence of pessimism in Italy and general growth of the US currency. As a result, this pair is testing key support at 1.1460-40.

The economic calendar remains empty, the market remains at the mercy of sentiment.

With the risks remaining and the downtrend when consolidating below 1.1460-40, the EUR/USD pair should expect a resumption of the downtrend with a test of support levels: 1.1400-1.1390 ​​and 1.1360, which will confirm the downtrend.

Read also: “Fear Index on the Market. The Features.”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Trading with shares. Advantages and disadvantages.
2. Does Monday is so hard  as everybody say?
3. How to trade CFD contracts with Ester Holdings Inc.?

Current Investment ideas:

1. Easier on corners! Intel shares can bring a good profit on the reversal!
2. The consumer giant is weakening to resume the growth! Connect!