The euro (EUR) remains stable and enters the American session on Monday without changes against the US dollar (USD), keeping significantly well in the face of commercial tensions and the 30% tariff proposal of the US, point out Shaun Osborne and Eric Theoret, Scotiabank FX chief strategy.
The trend of several months remains bullish
“The options market does not reveal material changes in the feeling, and the differentials of interest rates have not shown an important reaction to these last developments.”
“This week’s data publications include the figures for the feeling of Tuesday’s ZEW investors, followed by the final figure of the Eurozone IPC on Thursday. The ECB calendar is light and we will be attentive to any change in the tone of the comments of those responsible for policies, since the recent tone has been generally neutral.”
“The trend of several months remains bullish and the RSI continues to confirm, but it is softening towards the neutral level of 50. The medium -term support is in the MA of 50 days (1,1473) and we seek short -term support closer to the lower part of 1.16. We see short -term resistance in the region of 1.17.”
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.
