EUR / USD sets new two-week lows below 1.1775

• The dollar continues with a favorable tone in the market on Monday, while the euro is one of the weakest.
• EUR / USD falls for the fifth day of the last six, losing 1.1800.

The EUR / USD broke below 1.1800 hours ago, and has been unable to recover since. It is at 1.1773, the new low in two weeks, under pressure and pointing to a possible test at the 1.1750 area.

The setback occurs due to the combination of a general rise in the dollar and the euro weakness. DXY climbs 0.20%, and it is trading above 92.80, a two-week high. On the euro side, the common currency is at week lows against the British pound, with EUR / GBP approaching 0.8500. This is partially overshadowed by the rise in EUR / CHF which is climbing strongly and is approaching 1.0900.

Analysts at Brown Brothers Harriman warn that a possible break of 1.1760 would leave the outlook set for a test at the August 20 low near 1.1665.

Monday no data, waiting for inflation

With regard to data for the rest of the day on Monday, the economic calendar is light, highlighting a speech by Christine Lagarde, president of the European Central Bank (ECB), which is not expected to include monetary policy (the topic will be the role of women after the pandemic). The US data will be the fiscal accounts for August.

The key figure for the week in the US will be released on Tuesday with retail inflation for August, which will attract a lot of attention. The impact may be more intense considering that the voices of government officials will not be heard. Federal Reserve, since the period in which they are not allowed to speak for the September meeting begins.

Technical levels