EUR/USD today: market is waiting for the results of the U.S. primary elections

Trades closed with the growth of the EUR/USD pair on Monday.  It was caused by a decrease in risks around the Italian budget and an increase in optimism in the stock markets. The pair were also supported by possible political risks in the United States, which increased the pressure on the American dollar.

Events for today:

• 17:00 – JOLTS job openings (Sep) USA.
• 23:30 – API Weekly crude oil stocks in the United States.

The main event remains waiting for the results of the primary elections in the United States. On the publication of these news it may be rises in volatility in the US dollar.

The EUR/USD pair, despite the possible risks in the US, remains restrained uptrend, which is limited to resistance levels: 1.1430-50 and 1.1480, and support: 1.1400 and 1.1380.

Read also: “The economy of Mexico – it’s time to pay attention to the Mexican peso”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Dow Theory – The trand is confirmed by volume!
2. Dow Theory – The price discount all the news!
3. Oil market expectations for November

Current Investment ideas:

1. “3 reasons to buy  Cisco Systems Inc. shares”
2. “It’s time to hit the jackpot on the sale of McDonalds shares!”