EUR/USD today: the market is in uncertainty

Following yesterday’s announcement by the British Prime Minister about the possibility of a second referendum in the UK and a customs union with the EU, sentiment about the euro has changed dramatically. In addition, it is worth noting the reduction of risks around trade opposition. This added more uncertainty to the market, rather than reducing risk.

Events for today:

• At 21:00 – the publication of the FOMC US Protocols will take place.

Under conditions of uncertainty, negative sentiments continue to escalate in the foreign exchange market. This is actually a limiting factor.

EUR/USD updated the high at 1.1180 after statements on Brexit from May, significantly slowing down the downward momentum. Despite the fact that the potential for a decline in this pair remains, it has noticeably decreased. The significant resistance zone is located at the levels of 1.1180 and 1.1160, the repudiation of which will keep expectations of decline.

Hanzenko Anton

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