- The dollar gains moment at the start of an American session.
- EUR / USD in neutral ground for the day.
The EUR / USD retraced and erased the gains of the day in the last hours before a general recovery of the dollar. The price had reached 1.1880, the highest in two days and is trading at 1.1855, below Friday’s close.
The setback came after the dollar regained ground. The negative background tone still persists with respect to the greenback, that had been left vulnerable after the US employment report This week the key report will be the minutes of the last meeting of the Federal Reserve to be published on Wednesday.
Strong resistance at 1.1880
EUR / USD is retreating to the 1.1850 zone, which is a key short-term support. The break of this level, would leave the dollar strengthened, being the next resistance at 1.1840 and then 1.1820. At 1.1840 there is a short-term downtrend line, which was broken on Friday. A return below would jeopardize the current very short-term bullish bias.
To the upside, the break at 1.1880 would point to more gains. The next resistance is seen at 1.1900 and then 1.1925.
Technical levels
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