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EUR / USD falls to the 1.1860 zone before the dollar rises

  • The dollar gains moment before fall in the price of the actions.
  • EUR / USD remains in the recent range between 1.1850 and 1.1895.

The EUR / USD plummeted after the start of the American session and passed from 1.1890 to 1.1861, marking a new low for the day. The price remains below 1.1870, now with a negative intraday bias, but within the recent range.

The setback occurred before a rise in the dollar in the market. The DXY erased the losses and returned above 92.00. At the same time, Treasury yields are falling and Wall Street indices show mixed results, far from the highs.

The Dow Jones is up 0.1% and the S&P 500 0.06%, while the Nasdaq is down 0.25%. Gold erased gains and a barrel of WTI yields 1.70%.

Focus shifts to employment data

It became known on Tuesday that factory orders in June rose 1.5%, above the 1% expected. The data had no impact on the market. Attention now turns to the labor market figures. Wednesday will be the ADP private employment report, Thursday the non-farm payroll and Friday the official July employment report with the non-farm payroll and unemployment rate.

Technical levels

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