© O Financista. EUR/USD still tries to make progress
Investing.com – The EUR/USD pair seems to be more and more hesitant on the forex, unable to push her up to a test of 1.15, but also protected from corrections by multiple supports.
Yesterday, the rise was accentuated to a peak at 1,1484, but once more, the moving average 100 days (in 1,1483 this morning) and the proximity to the psychological threshold key of 1.15 had brought this to the sellers.
The downside, it is a upward trend line visible since 4 January, and currently located to 1,1440 which is the first support, before the moving average 100 hours to 1,1417, and the psychological threshold of 1.14.
In case of return below 1.14, we may assume that the sellers are once again dominant, and objectives of downside potential to 1,1350, 1,13,1,1270 and 1,1215 (hollow 2018) will need to be monitored.
In regards to the news of the day, it should be noted that the day will be focused on the Minutes of the Fed, which will be published this evening at 20h.
Check out our predictions for the Minutes of the Fed’s expected this evening!
If the Federal Reserve confirmed in the Minutes turning dovish, which seemed on the horizon when the last Fed meeting of 19 December, and in the speech of Powell last Friday, the us Dollar could be affected, which would benefit the EUR/USD pair, which could then évetuellement test the threshold of 1.15 for the first time since the end of September 2018.
Outside of this event, investors will monitor the rate of unemployment of the Euro Area, which will be released at 11am, but whose influence is traditionally quite limited on the Euro.
Of any statements in regards to the relationship China-USA, after two days of talks in Beijing between the chinese government and negotiators-the US, could also largely influence the trade.
In this regard, it should be noted finally that the president, Trump said again last night that the négocoations run well, which allows to anticipate a positive outcome likely, and an upward impact on the Dollar, while waiting for statements to be more concrete, the situation remains uncertain :
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