Market Overview

Midday EURUSD roundup

The dollar index fell this afternoon to 93.50, to lowest levels for more than three months. EURUSD is at 1.1760. Growth has accelerated after taking important resistance area around 1.1700.

Bullish: British Pound growth by more than 1% close to 1.3300 on commentaries about progress in negotiations between EU and UK leaders on Brexit. The dollar is on the decline across the market, on restoring of the demand for risk assets.

Bearish: U.S. Initial Jobless Claims at lows since 1969, and Continued Claims – since 1973. On small timeframes EURUSD is vulnerable to (at least) short-term correction after big move up.

Next focus on: U.S. Existing Home Sales in August at 14:00 GMT. Commentaries from Austria about Brexit deal progress.

Article Rating
Rate this post