- The dollar without significant changes on Wednesday, due to the predominance of limited routes.
- The euro remains bearish against the dollar and the pound.
- EUR / USD remains in range, with a very short-term negative bias.
The EUR / USD is trading just above 1.1300, having previously dipped to 1.1272, the lowest level in a week. The pair h erased the losses of the day, after the dollar lost strength.
The main support of the greenback is the rise in the yields of Treasury bonds. The 10-year rate is 1.50% and the 30-year tranche is 1.925%, the maximum in a week. Equity markets look stable, validating recent gains, but not setting new highs.
The euro It rises against the Swiss franc and remains weak against the pound, although with limited travel.
On Wednesday there will be no US impact data. Existing home sales and trade balance report will come out, which is not expected much influence. The low volume level will continue in the markets.
Short-term outlook
The EUR / USD continues with lateral movements, between 1.1350 and 1.1260. In the very short term it does so with a bearish bias, but the return above 1.1300 shows that the downs are also limited.
Above 1.1320, the euro could gain momentum, but increases will continue to be unsustainable as long as it remains below 1.1350. To the downside, a close below 1.1260 would leave the dollar positioned for further gains.
Technical levels
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