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In recent days, the EURUSD resistance is back from 1.2070 resistance. Although the upward trend is still being maintained, there is a strong uptrend in the move and we have seen it clearer with the US employment data released last week. The risk appetite in the option market also gradually supports this decline. 1.1865 main support.
kahinistanbul's Blog
NFP, AHEAD, EU CPI
The USD fell against most g-10 currencies, excluding the JPY, as global markets continued to drop on Wednesday. In US markets, heavy winter conditions that hit the country's Northeast have an impact on the operations. Today's announcement of the ADP as 250K above expectations, ahead of the NFP to be announced, has reduced global losses. Try was the em currency that gained the most by 0.9% gain against the USD. The negative impact of the market has not been permanent since Halkbank Gmy Hakan Atti…
EURusd overview
1,1730 - band pricing in 1,1865, while the pair still undecided on the determination of the direction. No signs of a jam now. Despite the pigeon message the Fed, the ECB to revise inflation expectations upwards pair up draws. As long as it continues its grip on 1,1730 technically may prevent upward movement.