FXStreet The EUR/USD gets close to the 1,0925 new commandments, and so reach the cops, the 1,0950, while the Greenback against its major rivals of weakness is shaped.
EUR/USD recovery from 1,0929 daily pivot
The Pair is extending its breakout from the consolidation range in order to 1,0930 and the new 5-days was highly educated in 1,0955. The Greenback seems to still suffer from the impact of the disappointing US retail sales and the CPI on Friday. The US Dollar Index, which represents the strength of the USD vs. its 6 most important rivals, broke through the support of the 99 and the 5-day low has been formed at 98,86.
Risk aversion returns to the markets, so that the European share were not able to make a positive opening in a sustainable and trade is now in loss, instead of what supports the financing currency, the Euro. Germany’s DAX falls to -0,10 % in the vicinity of the intraday low of 12.751,50 points.
• EUR/USD remains in the short term, negative — Commerzbank
EUR/USD technical levels
The FXStreet chief analyst Valeria Bednarik says: «the technical indicators remain above their mid-lines, but the upward momentum is on the 4-hour chart limited. The 20 — and 100-SMA’s are rising on the same Chart below the current price, while this offer 1,0890/1,0900 support. Above the High of 1,0955 is to be expected with a movement in the direction of 1,0980/90 and then it comes to the acceleration and the Test of the days high of 1,1020. Only 1,0890 the Outlook is bearish and the next Intraday supports are at 1,0850 and 1,0820.»
** FXStreet News Editorial, FXStreet**