© O Financista. EUR/USD marked a new low annual
Investing.com – The Euro-Dollar dropped yesterday, and after having hesitated to break under the psychological threshold of 1.12 in a first time, the pair EUR/USD has finally accentuated his fall to a new low annual 2019 to 1,1140, against 1,1175 to the previous low annual, which dated back to the beginning of the month of march.
The rise in the Dollar is the main factor in the origin of this movement. The greenback is helped by a strong season of quarterly results, which prompted capital flows to the Dollar.
In this regard, it should be noted that yesterday, the companies Visa (NYSE:V), Microsoft (NASDAQ:MSFT) and Facebook (NASDAQ:FB), which have shown encouraging results, with a strong increase of their securities.
For its part, The Euro has been penalized in the beginning of the day yesterday by an index IFO below expectations.
Later in the day, a transition rate to a 10-year Germany in negative territory, had also hurt the european currency.
Today, the economic calendar will essentially be marked by durable goods orders and registrations weekly U.S. unemployment, two metrics, expected at 14: 30.
However, traders may limit their commitment on Thursday, so thatone day much more crucial for the Euro announcement on Friday, including GDP US Q1 preliminary of the United States, but also with an update of the note of the debt of Italy by the rating agency Standard & Poors.
From a graphical point of view, the validation of new lows annual yesterday evening is an important bearish signal. Outside of the recent lows annual 1,1140, the next support potential fall to 1.11, and then on the threshold of major psychological 1.10.
The increase, 1,12 is the first resistance to take into account, before 1,1225-30, 1,1260, 1,1280, 1,13, and 1,1325-30 in a first time.
