EUR/USD: The Euro fluctuates within a range narrow, things to watch out for this Friday

© O Financista. EUR/USD is becoming more and more hesitant – After having fallen sharply last week, and after have accentuated its decline in the beginning of the week, the Euro-Dollar is consolidating since Wednesday, in a reduced volatility, and with the psychological threshold of 1.14 for the pivot point.

The EUR/USD pair falls in a range 1,1370 – 1,1425, hesitating to further enhance its downfall after having lost 200 pips in less than a week.

Recall that yesterday, a few statistics amérciaines higher than expected had taken advantage of the Dollar, and promoted a correction of the EUR/USD pair.

The inscriptions weekly unemployment had emerged as the consensus, but more importantly, the index of the Philadelphia Fed has far surpassed expectations, with 17 points for the month of January, up from 9.7 points early in the first rebound of the indicator after 4 consecutive months of decline.

Today, some news out of the US will still need to be monitored, with industrial production at 15: 15, and with the index of consumer confidence according to the University of Michigan, at 16h.

Two interventions from members of the Fed are also on the program, with Williams at 15.05, and Harker to 17h.

It’s also important not to forget two folders influential for which the uncertainty remains high, with the Brexit, and the Shutdown, sujtes, for which any advance could be particularly influential on the financial markets.

From a graphical point of view, the range 1,1370-1,1425 dominates the current trading, and we will monitor the terminals of this area as a priority.

Above 1,1425 (a point reinforced by the moving average 100 hours to 1,1423), the next resistances are located at 1,1450 (MM 200 hours), 1,1480, 1,15, 1,1540, 1,1570 and 1.16.

In the case of a break under the lower bound to 1,1370, the next support will be at 1,1350, 1,13, 1,1270 and 1,1215, the low annual 2018.

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