- Euro holds firm against the dollar and the pound, rebounding against the Swiss franc.
- The dollar is still under pressure in the day with limited routes and limited volume.
He EUR / USD rose to 1.2261 reaching the highest level since December 18. The price remains in the zone of the highs, close to the level of 1.2270 / 75, which is a key resistance, which if broken would enable more rises. The main factor is the weakness of the dollar, in a day with limited routes.
The dollar index (DXY) is falling, trading in the 90.00 zone, where the recent lows are. The low volume and the good mood of the markets continues to be a key factor in the day. Wall Street indices point to a positive open with new all-time highs.
The euro gained momentum against its European peers in recent hours, exhibiting limited gains. Against the dollar, the European common currency rises for the third day of the last four days and once again the EUR / USD is close to the peak of the month, extending the rally that started in December from 1.1920.
The economic calendar details as an event for Tuesday the US housing prices report, which is not expected to have an impact. Traders’ attention is likely to focus on what happens on Wall Street, the bond market and with the dollar.
Technical levels
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