EUR/USD: consolidating a bearish trend

Currently, EUR/USD is trading at 1.0969, down -0.04% on the day, having posted a daily high at 1.0981 and low at 1.0964.

EUR/USD is making tracks towards the mid-point of the 1.09 handle while the U.S. presidential debate gets underway. Trump is more reserved and in control this time around. There is nothing out so far from the debate is offering an obvious lead one way or the other. The dollar is otherwise mixed/firm across the board, popping through to the mid-point of the 103 handle for fresh highs, but not so strong vs the antipodeans, despite the Aussie jobs data that was a real shocker, the Aussie has found a footing in a pro risk environment.

Meanwhile, the ECB meets tomorrow and  few, if any, are expecting fresh action, as noted by analysts at Brown Brothers Harriman. "The economy has progressed broadly along the lines that ECB anticipated.  Growth is stable near trend levels.  While deflationary pressures have eased, price increases remain minimal. At 0.4% year-over-year, eurozone CPI, officials cannot be content with the progress."  

EUR/USD levels

With spot trading at 1.0969, we can see next resistance ahead at 1.0972 (Monthly Low), 1.0972 (Weekly Low), 1.0974 (Daily Open), 1.0976 (Hourly 20 EMA) and 1.0978 (Daily Classic PP). Support below can be found at 1.0964 (Daily Low), 1.0955 (Yesterday's Low), 1.0951 (Daily Classic S1), 1.0927 (Daily Classic S2) and 1.0900 (Daily Classic S3).

Будьте первым, кто решился написать!

Поделитесь своим мнением:

E-Mail адрес не будет опубликован.