The euro (EUR) enters the American session on Monday without changes in front of the Dollar American (USD) while consolidating in a narrow range in the middle of 1.17, just below the maximum of several years last Friday, they report Shaun Osborne and Eric Theoret, Scotiabak FX Chief Strategners.
EUR is consolidating before inflation data
“The performance differentials continue to narrow themselves in a way that supports the EUR, since the perspectives for the relative policy of the central banks incorporate a more Dovish perspective for the Fed. In terms of data, the culminating point of this week will be the publication of the ipc of Germany at 8 am et, which will be followed by the preliminary figures of the IPC of the euro zone on Tuesday. of headlines, with President Lagarde scheduled to speak later at 3 pm et. “
“The medium -term trend remains bullish, since we have observed a sequence of several months of higher and higher minimums since March. The rally has delivered new maximums of several years, reaching levels not seen since September 2021. The momentum is up 1.18 And we hope that the short -term range is limited between the support below 1,1680 and the resistance around 1.18. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
