Market state: the dollar strengthens on the weakness of the euro

The US currency continues to show restrained growth on the positive dynamics of stock indices and the overall weakness of the euro. The single currency was under considerable pressure amid a string of weak data on business activity in the services sector. In addition to fundamental factors, the euro is being pressured by cross-rates.

Therefore, the weakness of the euro is likely to continue. Regarding the overall picture of the euro, the euro index continues to remain at the neck level of the head and shoulders figure, which indicates a further decline in the euro when fixing below the level of 93.30-20.

Recommended for reading: https://esterholdings.com/en/2017/11/06/eur-usd-segodnya-para-v-faze-korrektsii/ and https://esterholdings.com/en/category/tehnicheskij-analiz/

Hanzenko Anton