EUR/USD today: the pair remains under pressure of recovery of the American

After the lateral movement of the pair EUR/USD on Monday, the American managed to break through support at 1.2370-80, which was caused by the continued optimism of the American and the resumption of fears about the stock indices.

Yesterday’s expectations for the pair EUR/USD were justified based on the decline, which makes us expect the decline to slow down at 1.2330-00. From this level, it is possible to resume the uptrend, which is also indicated by overbought of the American currency. The driver of the market continues to be the dynamics of the American. The consolidation of the dollar index above the level of 89.80 cancels the scenario for the resumption of the uptrend for the EUR/USD pair.

Fig. EUR/USD. The current price is 1.2340.

Hanzenko Anton