Euro remains stable

The single currency continues to move in a narrow range against the US dollar based on mixed statistics on the economy of the Eurozone. See the Market News. This movement of the pair EUR/USD is caused by the restrained dynamics of world stock markets, as well as the expectation of the Fed meeting this week.

Technical analysis: Despite the movement in a narrow range from the beginning of the trading week, the EUR/USD pair retains a downward potential based on the results of the ECB meeting last week. For more information, https://esterholdings.com/en/2017/10/26/euro-is-under-pressure-13/. At the moment, one should consider the main resistance levels at the marks 1.1677; 1.1763. The support level in the area of ​​1.157.

Fig. Current price EUR/USD – 1,1629

Alexander Sivtsov