The euro (EUR) has risen a modest 0.3% against the US dollar (USD) and has surpassed most of the G10 currencies as we approach the American session on Thursday, they report Shaun Osborne and Eric Theoret, Scotiabak FX chief strategists.
The last setback shows some stabilization signs
“The unemployment rate of the euro zone was lower than expected, at 6.2%, and the IPC data at the state level of Germany have been mixed before the national publication at 8:00 am et (2.0% year -on -year expected). The foundations for the EUR/USD remain favorable, since we notice the constant increase in the differential differentials that reflect a market that is discount that is observed for the Fed. “
“The last setback shows some signs of stabilization and the RSI is bouncing from overall level 1,1400 and the resistance of 1,1500. “
Source: Fx Street
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