EUR/USD

EUR/USD today: EUR/USD pair is limited to overbought

At the opening of Monday trades, the EUR/USD pair maintains an upward trend in the growth of stock indices, limited to overbought. At the same time, the upward trend of last week remains in force.

  • 17:00 – NAHB Housing Market Index (November) will be published in the USA.

Market dynamics remain more restrained, despite the growth of stock indices and the limitations of the American dollar. At the same time, investors continue to monitor the situation with Brexit and the dynamics of the British pound, which through crosses has an impact on this pair.

Technically, from the EUR/USD pair at the start of the week it was worth expecting a correction against Friday’s growth, but due to optimistic sentiment the dollar remains under pressure. At the same time, the strengthening of this pair is also limited by overbought, but remains in force. Deals on purchases should be considered from support levels: 1.1400 and 1.1370-80, and resistance is located at levels: 1.1450-80 and 1.1500. Purchasing area is located in the range of 1.1410-30.

Screenshot_1.png

Add comment

Security code
Refresh

Subscription

Forex Forecast

© 2014-2018 ForexCrypto.top, Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. ForexCrypto.top is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. Only the NFA regulated brokers featured on this site are available to U.S. customers. Forex

Search