EUR / USD bounces after setting new lows in three months and rises above 1.1770

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  • Euro still under pressure against the dollar, although it cuts losses.
  • Go up at the beginning of operations on Wall Street, it takes strength from the dollar.

The EUR / USD cut losses in the last hour, after the start of the formal operation of Wall Street. The price had fallen to 1.1755, the lowest level since early April and then rebounded to 1.1775. In any case, it remains in negative territory, falling for the fourth day in a row.

The The dollar cut gains on all fronts after a positive start in US stocks. After the opening, the main indices extended the recovery, which made the dollar stronger. The dollar index is still positive and above 93.00, but far from the highs.

The climate of caution still prevails, which is why the current routes are still seen as vulnerable. The EUR / USD bias is still pointing lower, with a confirmation below 1.1770 / 60, it would enable more lows.

The focus remains on what happens with the variable challenge markets. While ahead, on Thursday is the meeting of the European Central Bank (ECB). No further announcements regarding interest rates are expected, but there could be news in communication and signs going forward. It is particular since it is the first meeting after the new strategy has been introduced.

Technical levels

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