EUR/USD today
Yesterday’s expectations regarding the EUR/USD pair were not justified, despite the retreat from level 1.1770. The widespread strengthening of the euro was based on the comments of the Spanish government, which deliberately deprive Catalonia of autonomy. But, at the beginning of the day, the US dollar appreciably recovered from yesterday’s decline based on the progress of Trump’s tax reform.
Events for today:
- 17:00 – The announcement of data on sales in the secondary housing market in the US.
For more information about the news of the market, follow: https://esterholdings.com/en/category/novosti-rinka/
After the morning decline of the pair EUR/USD, the market remains in some uncertainty due to fundamental factors. With the return of the price level above 1.1820-30 and the growth of optimism in the euro area, one should expect test of the resistance 1.1850-70. The market is also optimistic about the American based on the growth of the probability of promoting Trump’s tax reform, the growth of yield of the US Treasury securities and the positive dynamics of stock indices. Therefore, one should not discard the possibility of fixing the price below 1.1800 and lowering to support levels: 1.1770 and 1.1740.
Hanzenko Anton