As it was widely expected, the European Central Bank kept the rates unchanged yesterday. Mario Draghi’s speech during the press conference started a wide euro sell-off. At the same time the U.S. dollar is seen at the highest level in three and a half months. Support is set at 1.20, resistance at 1.21.
The U.S. dollar significantly gained amid a surge in Treasury yields that reached the highest level in four years. The greenback was further supported by a good PMI reading and home sales numbers. Support is set at 1.125, resistance at 1.225.
The U.S. dollar climbed to the highest level in three weeks and the EUR/USD pair dropped below the 1.23 level on Friday. The currency continues to stregthen today, supported by a significant surge in Treasury yields. Support is set at 1.22, resistance at 1.23.
The EUR/USD pair initially tried to rally on Tuesday, but disappointing ZEW data in the euro zone and upbeat housing and industrial production data in the U.S. supported the dollar and pushed the pair back to the middle of its current range. Support is set at 1.23, resistance at 1.24.
The EUR/USD pair stayed in its current range, but a weakening of the U.S. dollar pushed it higher just below the current resistance. The market’s focus was once again shifted to the developments in the U.S. and issues related to international trade policy. Support is set at 1.23, resistance at 1.24.
The EUR/USD pair stayed in consolidation mode after an initial drop on Friday and managed to keep itself in the current range. Although the rocket attack carried out by the U.S. and coalition partners in Syria did not cause a strong reaction from the markets, the development of the situation will be observed by investors. Support is set at 1.23, resistance at 1.24.
The EUR/USD pair quite significantly dropped yesterday after the release of disappointing industrial production numbers in Europe. The U.S. dollar managed to gain thanks to investor sentiment improvement and a surge in Treasury yields. Support is set at 1.23, resistance at 1.24.
Although we’ve seen some important releases yesterday, the EUR/USD pair wasn’t strongly impacted. The market reaction was limited, as the developments were muted by growing geopolitical tension related to Syria. Support is set at 1.23, resistance at 1.24.
Ewald Nowotny’s comment boosted the common currency and pushed the pair above the previous resistance at 1.235 level. Today’s we’re expecting for Mario Draghi’s speech in Frankurt and a release of important inflation numbers in the United States. Support is set at 1.23, resistance at 1.24.
Although the current situation between the U.S. and China is still tense, yesterday’s speech of Xi Jinping eased investor concerns about a potencial trade war a little. In Europe, Mario Draghi’s comments have bolstered the euro. Support is set at 1.225, resistance at 1.235.