EUR/USD The bears still cannot gain enough momentum to violate the support zone at 1.0890 and the expectations for today’s trading session are for this level to limit the sell-offs and for the pair to enter a consolidation phase between the levels at 1.0890 and the resistance at 1.0946. A test of the aforementioned level […]
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In focus today In the euro area, focus turns to inflation data for Germany and Spain which we receive ahead of the euro area data tomorrow. We expect euro area headline inflation to rise to Read more…
Appetite on Wednesday was limited on both sides of the Atlantic Ocean. In the US, the crowded economic data came in mostly in line with expectations, confirming that the US economy grew 2.8% in Q3 Read more…
Daily Pivots: (S1) 1.0428; (P) 1.0486; (R1) 1.0548; More… Intraday bias in EUR/USD remains neutral and further decline is expected with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the fall from Read more…