Trump’s win seems now to be digested
by market participants and the US dollar’s strength is loosing momentum. During
the Asian session the EUR/USD pair pushed slightly higher and topped at 1.0815, but
later on the freshly released EU macro data moved the pair back to previous
positions.
Another macro data today was released
from the US calendar, showing better than expected numbers on retail sales. So
for shortly the US dollar was uplifted, but currently the pair is trading at
1.0718 and is heading to lowest levels for the week.
RSI is placed at around 36% and is
loosing momentum. Stochastic is located at extreme oversold area and also
pointing lack of momentum. Both indicator remain flat within bearish area and
confirming the downward slope.
No comments:
Post a Comment