The euro has initially rebounded yesterday amid the news on Brexit talks and easing tensions about the Catalonian crisis, but the U.S. dollar countered the move later on after the U.S. Senate passed the budget blueprint for the fiscal year 2018. Support is set at 1.175, resistance at 1.185.
The euro managed to regain some of the losses and the EUR/USD pair managed to climb slightly above 1.18 level, its highest in three days. The rebound was possible after the speech of EBC’s Mario Draghi. Support is set at 1.175, resistance at 1.185.
The EUR/USD stayed in consolidation mode for most of the time yesterday. The reading of the consumer price index in the euro zone were not good enough to support the euro. ZEW economic sentiment reading came below the expectations. Support is set at 1.175, resistance at 1.185.
The U.S. dollar managed to gain slightly agains the euro thanks to a rebound in Treasury yields. The rise was seen after the reports that the U.S. President Donald Trump sees a more hawkish candidate as a new Federal Reserve head. Support is set at 1.175, resistance at 1.185.
The euro starts the trading week on a slightly weaker note. Markets are focused on the outcome of the election in Austria and renewed concerns on the Catalonian issue. The U.S. dollar also remains under pressure after the Friday’s inflation data. Support is set at 1.175, resistance at 1.185.
In-line with the expectation producer price index numbers, preceeding today’s reading of the consumer price index allowed the U.S. dollar to rebound. The slight correction of the pair was also related to Mario Draghi’s comment on EBC’s policy. Support is set at 1.18, resistance at 1.19.
Optimistic moods of the dollar bulls, sparked by the expectation of the further tightening of the monetary policy by Fed have once again declined. The FOMC meeting minutes disappointed as some of the Fed members expressed concerns about the low inflation rate. Support is set at 1.18, resistance at 1.19.
Speculations about possible problems with Donald Trump’s tax overhaul have weighted on the dollar. At the same time, the euro has reached the highest level in nearly two weeks thanks to another batch of good economic data from Germany. Support is set at 1.175, resistance at 1.185.
The EUR/USD pair managed to climb as the U.S. dollar remains on a backfoot after the weaker than expected non-farm payrolls reading and good numbers of industrial production in Germany. Support is set at 1.17, resistance at 1.18.
The U.S. dollar was able to hold on to its gains for just a short while, as the release of the non-farm payrolls happened to be a strong disappointment for the dollar bulls, and the EUR/USD pair started to climb again. Support is set at 1.17, resistance at 1.18.