Opinion on the EUR/USD pair
The pair EUR/USD continues to move in the flat range amid a lack of significant catalyst in the market and low-key dynamics of the US dollar after yesterday’s results of the Fed meeting. See Analysis of the American session…
Also, the movement of the pair is affected by mixed statistics on Germany and the Eurozone, see Market news…
Technical analysis: The pair perfectly fulfills the recommended resistance levels. While trading from these levels today it was possible to earn about 80 points of profit, concluding two deals. Read more … At the moment, one should consider the main resistance levels at the marks 1,1670; 1.1690. Support levels are considered at 1,1600; 1.157.
The main recommendations: The main recommendation will be to trade from the main support and resistance levels, namely sale entries are in the area of 1.1670-1.1690; buy entries are in the area of 1,1600-1,1575.
Fig. EUR/USD current price – 1,1633
Alexander Sivtsov