EUR/USD: the decline of The Dollar benefits the pair, before some data influential

© O Financista. The Euro-Dollar brand to new heights

The dominant theme on the Forex this Tuesday morning is the weakness of the Dollar, as we can see on the US Dollar Index, which enters a second consecutive day of decline, after having already lost ground yesterday.

On EUR/USD, the weakness of the greenback has resulted in new peaks on 1.1732 this morning, but traders seem to now be reluctant to support an increase above this threshold, which appears as a resistance chart important as we can see on the graph in the hourly data.

If a break above 1.1730 is confirmed, the next potential upside are at 1.1760, and 1.1790-1.18.

The downside, the first support zone to be credible in the vicinity of the current is found to 1.1690-1.17, before 1.1650, 1.1615-20 and 1.16.

In the news of the day, it can be noted that the us Dollar will be likely to be influenced by data on industrial production US in the month of June at 15.15, followed by a speech by Jerome Powell, the boss of the Fed.

For its part, the Euro may possibly be influenced by its correlation (imperfect) with the Book, which will be subject to the influence of a speech by mark Carney, the boss of the BoE, to 10h, then the monthly report on employment, UK 10: 30.

Like this post? Please share to your friends:
Leave a Reply