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Main » 2020 » February » 17 » The euro exchange rate against the dollar EURUSD forecast for today 02/17/2020: Euro looks too weak to resist
09:46
The euro exchange rate against the dollar EURUSD forecast for today 02/17/2020: Euro looks too weak to resist

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February third week the EURUSD has made a timid attempt to correct from the lows. The main trades in the Monday, February 17, go around 1.0840 at the minimum value for a week in 1.0819. Active sale in the major currency pairs, we recall, was launched more 3 February, and since then the pressure of "bears" continues unabated.

 

 

Subject coronavirus remains to the capital markets as a key and limits the interest of market participants to risk assets. This is a logical way affects the behavior of the EURUSD.

 

Today is a holiday on the occasion of the President's Day in the US, and it is an additional way to limit activity in the major currency pairs. The macroeconomic calendar for Monday contains important American publications. Eurozone finance ministers meeting will be held, while Germany will publish a monthly report of the Central Bank. Reactions to these events the market will likely not show.

 

EURUSD for the main direction of movement is still decline, although not ruled out a brief correction in connection with the information lull. At present, the probable fluctuations in the corridor EURUSD confined within 1,0818-1,0863. In that case, if the desire to sell on inertia to outweigh the markets, the euro will go to 1.0800 without resistance. 

 

EURUSD forecast today Alpari

 

 

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