Recently EUR/USD is seen in consolidation within a relatively
wide range between June’s high and low,
respectively at 1.13 and 1.1118.
Today the pair is slightly up, having marked around 0.10% higher with current market price 1.1143. In term of marco news, this week is not offering much except US home sales figures for May, that will be released later on today. In case of positive numbers, the pair could take interesting move, but more interesting now is DXY’s and yields’s performance which are much more now supporting the greenback.
Today the pair is slightly up, having marked around 0.10% higher with current market price 1.1143. In term of marco news, this week is not offering much except US home sales figures for May, that will be released later on today. In case of positive numbers, the pair could take interesting move, but more interesting now is DXY’s and yields’s performance which are much more now supporting the greenback.
Despite the intraday uplifted mood, technically speaking the bears are ruling
the game.
On the four-hour time frame the price is developing around the
200-day SMA but below the 20-day and 100-day SMAs. RSI has retreated from
oversold area and is nearing its mid-line. Stochastic is uptrending, but
remains below its mid-line.
Immediate support is seen at the critical 1.1110 level and in case of breaking
it, additional declines are expected.
No comments:
Post a Comment