Opinion on the EUR/USD pair
The single currency continues trading under pressure against the US dollar after data on inflation in the Eurozone for September were published as part of the forecast. See Calendar
The growing optimism about the US currency is acting as the main pressure on the euro. During the trading on Tuesday, the dollar index rose to the level of 93.38, while adding about + 0.26% to the quotes.
Technical analysis: The EUR/USD pair is currently trading near the 1.1750 level. It is at the moment, a significant level of support for the instrument. In case of further reduction and fixing it below the level of 1,1750, support should be considered in the area of 1,1700-1,1685.
The main recommendations: The main recommendation in case of a reduction in the price of EUR/USD will be the purchase of the instrument in the area of 1,1700-1,1685. Transactions for sale are in the area of 1,1805-1,1820.
Fig. Current price EUR/USD – 1.1756
Alexander Sivtsov