EUR / USD reverses trend and falls back towards 1.1800

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  • The EUR / USD falls from 1.1850 to 1.1815.
  • The dollar gains moment before the American session.

The EUR / USD changed direction in the last hour and erased the day’s gains as the dollar strengthened and the EUR / GBP fell. The price fell from 1.1850 to 1.1815 and remains in the area of ​​the lows, with an intraday tone, now bearish.

The dollar threatens to regain ground, after the fall on Wednesday. The setback had to do with the statements of Jerome Powell, the president of the Federal Reserve, which gave signs that there will be no cut in monetary stimulus in the short term.

The economic calendar is shown loaded for the next few hours. It includes a new presentation of Powell to Congress, the weekly report of unemployment benefits claims, the Philly Fed and industrial production data. In addition, operators will be attentive to what happens with the bond market, where yields are on the rise after reaching lows in almost a week. The 10-year rate went from 1.31% to 1.33%.

Another negative factor for the euro has been the fall of the EUR / GBP in the last hour. Comments from a Bank of England official caused it to fall hard to the cross, contributing to extra weakness in the euro.

Technical levels

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