- The dollar mixed in the market on Thursday, with no clear direction.
- The euro remains among the best performers, surpassing 0.8800 against the pound.
- EUR/USD in the same range for a week now.
The EUR/USD continues to trade flat after failing to break above 1.0660. The Euro rallied as far as that area but then reversed direction and is approaching 1.0600.
In a day without major news and with the year-end festivities ahead, the volume of market operations is decreasing, favoring the persistence of the EUR/USD in a range.
The dollar presents mixed results on Thursday. The DXY is falling 0.10%. Several US economic reports will be released later: the Chicago Fed Activity Index, a new third-quarter GDP growth estimate, the weekly jobless claims report, and the Fed Manufacturing Index. from Kansas.
The euro continues to be firm in the market. The advance of the EUR/GBP above 0.8800 stands out, the highest level since mid-November.
side until further notice
EUR/USD outlook remains sideways. This could change if there is a break above 1.0660, with confirmation, which could lead to an extension to 1.0700 first and then the area of ​​the highs for the month around 1.0735.
The current range has support in the 1.0580 area. If there is a firm break below, the pair would be ready for an extension of the bearish correction. Next supports are seen at 1.0545 and then 1.0505.
technical levels
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
