- Rises of the euro against the dollar slow down in the zone of 1.1825
- Data: The Eurozone Sentix index improved to 13.1 in April.
- Ahead: US Job Announcement and Business Optimism Index
The EUR / USD is trading sideways in a small range on Tuesday, near the 1.1800 zone. The price climbed to 1.1821, the highest level in a week, but it was unable to extend the raises and fell back to 1.1795, the low of the day. It is trading around 1.1805 / 10, practically unchanged for the day.
In this way, the euro is consolidating Monday’s gains, which were driven by a general decline in the dollar. The 1.1820 zone stopped the rally. The common European currency is also climbing against the pound (recovering from lows in months) and against the Swiss franc.
The Market activity returned to normal in Europe Monday after the Easter holidays. Regarding data, it was known that the Investor Confidence index tracked by Sentix improved to 13.1 for the current month, while the Unemployment Rate in the Eurozone remained at 8.3% in February. The US data to be released including the employer confidence index and the job vacancies indicator, which is not expected to have a large impact.
The focus for the next few hours may be on what happens in Wall Street, with stocks and bonds. Treasury yields are on limited travels, showing no big changes on Tuesday.
In a more general aspect, the dollar continues to be supported by an expectation that the economy will perform better than the European one, due to the stimuli and the large difference in the rate of vaccination due to COVID-19.
Technical levels
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