EUR/USD upward movement remains to 1,0900 limited, Draghi in focus

FXStreet — The common currency seems to be a part of your gloss at the beginning of the week lost and so recorded by the EUR/USD only in the upper area of 1.0800.

EUR/USD focus on Draghi

The Couple may have on Wednesday a modest profit, after which it came 2 days in a row to a Pullback. Before the year was highly educated in 1,1020, as a result of the outcome of the French presidential elections on Sunday.

the downward movement of the pair was sustainable, while the increasing demand for the Greenback remains robust. The US Dollar Index, which represents the strength of the USD vs. its 6 most important rivals, rallied from Monday 2017 from Deep in the range of 98.30 to yesterday’s daily high of 99,60.

US Dollar to move sideways to 99,30

The Pair is in a sideways movement under 1,0900, before the ECB President Draghi in the Netherlands a speech about the effects of monetary policy

From the USA today there is the Export/import price index, and added to that, the EIA crude oil stocks of the USA and the Boston Fed E. Rosengren (2019 voter, hawkish) speech.

EUR/USD significant levels

Currently, the days income is 0.19 % in the case of 1,0895 and the next Resistances lie at 1,0916 (23,6 % Fibo of the April to may rally), 1,0935 (High-9. May) and 1,1024 (2017 High 8. May). Currently supports can be found at 1,0861 (Deep-9. May), 1,0850 (38,2 % Fibo of the April to may rally) and 1,0829 (200-day SMA).

** FXStreet News Editorial, FXStreet**

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