EUR/USD today: the pair continues to adjust - Ester Holdings
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EUR/USD today: the pair continues to adjust

On Friday the pair EUR/USD closed with growth on the correction of positions of the American because of low activity. On Monday this dynamics is preserved. Resumption of activity should be expected at the American session or on Tuesday.

Events for today:

  • 16:45 – the index of business activity in the manufacturing sector (PMI) of the United States.
  • 17:00 – the index of business activity in the manufacturing sector (PMI) of the United States from ISM.

Against the backdrop of reciprocal duties on the part of China, trading in the US session may open, putting pressure on the American. At the same time, volatility remains low.

In the conditions of the correction, the further growth of the EUR/USD pair will be limited by the level of 1.2350 and the uncertainty of the market. Therefore, a retreat is expected to slow the growth from the mark 1.2350. The market remains in considerable uncertainty, which can cause fluctuations in the range from 1.2350 to 1.2310-00.

Fig. EUR/USD. The current price is 1.2330.

Hanzenko Anton


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