The Euro (EUR) is consolidating silently in a narrow range in the 1.09, achieving a marginal gain against the US dollar (USD) while subrinding compared to all the currencies of the G10 in an environment of generalized weakness of the USD.
EUR is consolidated in the day
“The data calendar remains light, and the attention is focused on the decision of the ECB next Thursday, where some policy managers are presenting a new argument in favor of flexibility in response to recent commercial tensions. The Loss of EUR support by the differentials is remarkable, and our fair value estimate has fallen to the lower part of the 1.07 since 1.10 on April 3.”
“EUR/USD The profits of last week are still being consolidated and quoting in a relatively narrow range, approximately limited between the support just below 1.09 and the resistance above 1.11. The impulse is upward but is fading and the RSI is offering negative divergence, since it failed to confirm the new maximums of last week in the case.”
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.
