- The dollar falls throughout the market at the beginning of the week.
- Treasury yields down modestly, stocks up.
- EUR/USD remains in a recent range, between 0.9700 and 0.9800.
For hours the EUR/USD has been trading around 0.9750. It peaked at 0.9770 which was followed by a pullback. The pair remains trading in ranges, with a slightly bullish bias on Monday, supported by the weakness of the dollar.
Limited, with support
The US Dollar Index (DXY) is down 0.30% on Monday, giving support for EUR/USD gains. Also yields on Treasury bonds are falling. The 10-year tranche yields 3.94%, and 4.44% for two years.
Wall Street futures point to a positive open with gains around 1%. The better mood in the markets is another factor that contributes to the weakness of the dollar.
On Monday there was no impact data and the economic calendar shows the Index ahead Manufacturing Empire October. The novelty was the return to fiscal measures in the United Kingdom.
Technically the dominant trend of the EUR/USD is still bearish. And for more than a week it has been moving in ranges, now in a higher one, going from 0.9660/0.9715 to 0.9710/0.9800.
A firm rally above 0.9800 could enable a bullish extension, while short-term below 0.9700 weakness could return to test 0.9670 and last week’s low at 0.9628.
Technical levels
EUR/USD
Overview | |
---|---|
Today last price | 0.9749 |
Today Daily Change | 0.0026 |
Today Daily Change % | 0.27 |
Today daily open | 0.9723 |
trends | |
---|---|
Daily SMA20 | 0.9787 |
Daily SMA50 | 0.9948 |
Daily SMA100 | 1.0162 |
Daily SMA200 | 1.0578 |
levels | |
---|---|
Previous Daily High | 0.9809 |
Previous Daily Low | 0.9707 |
Previous Weekly High | 0.9809 |
Previous Weekly Low | 0.9632 |
Previous Monthly High | 1.0198 |
Previous Monthly Low | 0.9536 |
Daily Fibonacci 38.2% | 0.9746 |
Daily Fibonacci 61.8% | 0.977 |
Daily Pivot Point S1 | 0.9684 |
Daily Pivot Point S2 | 0.9644 |
Daily Pivot Point S3 | 0.9582 |
Daily Pivot Point R1 | 0.9785 |
Daily Pivot Point R2 | 0.9848 |
Daily Pivot Point R3 | 0.9887 |
Source: Fx Street

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