- The dollar remains strong amid deteriorating market sentiment.
- EUR / USD fails to return above 1.1830, it remains very close to 1.1800.
- Data ahead: third reading of GDP and requests for unemployment benefits in the US.
The EUR / USD is trading at 1.1805 / 10, on neutral ground for the day and very close to the intraday low in four months that reached 1.1800 hours ago. The 1.1800 zone is immediate support that is being put to the test.
The Context looks vulnerable for the euro against the dollar from a technical point of view, consolidating below the 200-session moving average and after recovery is limited. The price failed to break 1.1830 hours ago and recently found resistance at 1.1820. This indicates that the selling pressure continues.
In turn, in the last hour the futures of the shares in Wall Street They have set new lows, increasing demand for the dollar. The US dollar index is approaching its high for the day. The rise in the dollar is limiting the fall in Treasury bond yields. The 10-year rate is at 1.60%, close to the lows of the current week. Today there will be a seven-year debt placement.
Attention continues on the market climate as a relevant factor. In addition, data will be published in minutes from the US On the one hand the third estimate of GDP growth for the fourth quarter and on the other, the requests for unemployment benefits. Presentations will be made by various Federal Reserve officials: Clarida, Williams, Bostic, Evans and Daly.
Technical levels
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