[ad_1]
EUR / USD continues to tighten the 1.1300 mark
ForexLive
Sellers retain control in the short term, but are unable to keep a break below 1.1300 as they continue to seek new directions this week. The risk sentiment remains the main factor following Friday's collapse, but it's struggling to make a decision so far this week.
European equities are trading mixed, but Treasury yields are holding up well after a day-to-day market slide. I imagine that it will be up to American traders to decide again which side of the coin will be based on commercial prejudice and risk sentiment.
For the EUR / USD, there are decent expirations that arrive at 1.1300-05 today (€ 863m), which can help keep the stock price up, with few losses. other options for traders.
Regarding technical levels, the short-term resistance is around 1.1330 before we have the 100 and 200-hour moving averages in play around 1.1344 and 1.1322 respectively. There is also the 100-day moving average at 1.1344 to watch.
On the other hand, the downside support is seen at 1.1300 as well as a minor resistance around 1.1280-90, so beware of these levels in the meantime.
Source link
