EUR/USD today: the pair continues to grow in the “thin market”
In the “thin market”, the pair EUR/USD strengthened, which was caused by the general decline of the American. As a result, yesterday’s expectations for updating the resistance level at 1.1950-60 were justified.
Events for today:
- 15:00 – release of the index of consumer prices (CPI) in Germany (m/m).
- 20:00 – announcement of the number of drilling rigs in the US by Baker Hughes.
In the conditions of pre-New Year low liquidity, this pair may be further strengthened to resistance levels of 1.2000 and 1.2020-30. At the moment, the pair EUR/USD remains near the significant level of 1.1980-60 and retains the potential to strengthen. To develop further growth, correction is necessary, but in conditions of a “thin market” this is not necessary. Support levels: 1.1930 and 1.1900.
Fig. EUR/USD. The current price is 1.1980.
Hanzenko Anton