- EUR / USD continues to lateralize, with support above 1.2100 and resistance below 1.2140.
- The dollar unchanged on Thursday, US unemployment benefit data is coming.
The EUR / USD is trading sideways on Thursday, validating the rally of the previous days. The euro is trading around 1.2125, slightly positive for the day, but within the range that takes more than 24 hours between 1.2110 and 1.2140.
Trading volume was reduced in the Asian session due to the lunar new year holiday, favoring limited tours. In general, the main crosses of the market move in small ranges.
The US Dollar Index (DXY) is unchanged from yesterday’s close at around 90.35. In the bond market, yields on Treasuries are rising modestly. Stock markets in the world register a slight rise.
The dollar was not affected on Wednesday by the statements by the chairman of the Federal Reserve, Jerome Powell, who confirmed that the central bank will continue to boost the economy through the purchase program and low interest rates. Thursday will be published weekly report of unemployment benefit requests en EE.UU.
Technical levels
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