The EURUSD pair is below 1.1310, to hold the negative pressure for today, supporting the move below the EMA50, waiting for the break of 1.1280 to confirm the continuation of the decline to 1.1150 as the next negative station, reminding you to continue The downtrend needs to be kept below 1.1310 and most importantly below 1.1375.
The expected range of trading today is between support at 1.1220 and resistance at 1.1380.
Expected Trend: Descending
The US dollar maintained its strength on Tuesday and strengthened against the common currency. The EUR / USD fell to 1.1271, the lowest level in two weeks, close to before the US opening. US Treasury yields continue to move north, with 10-year bond yields reaching 1.66% per day. Meanwhile, Asian and European indices recorded significant growth, which underpins US futures trading.
With the outbreak of the coronavirus worldwide, investors suspect that the US Federal Reserve will have difficulty recovering funding as planned. The US Federal Reserve is expected to raise interest rates at least twice this year, with the first increase in March, as inflation peaks in decades. At the same time, the interests of speculation are concerned that the continuing wave of the Corona virus will hamper economic progress and force the Federal Reserve to maintain financial support.
Germany released November retail sales up 0.6%, much better than -0.5% expected. The US meeting presents the ISM for manufacturing for the month of December, forecast at 60.2, and the November JOLTS job opportunities.
The expected range of trading today is between support at 1.1220 and resistance at 1.1380.
Expected Trend: Descending
The US dollar maintained its strength on Tuesday and strengthened against the common currency. The EUR / USD fell to 1.1271, the lowest level in two weeks, close to before the US opening. US Treasury yields continue to move north, with 10-year bond yields reaching 1.66% per day. Meanwhile, Asian and European indices recorded significant growth, which underpins US futures trading.
With the outbreak of the coronavirus worldwide, investors suspect that the US Federal Reserve will have difficulty recovering funding as planned. The US Federal Reserve is expected to raise interest rates at least twice this year, with the first increase in March, as inflation peaks in decades. At the same time, the interests of speculation are concerned that the continuing wave of the Corona virus will hamper economic progress and force the Federal Reserve to maintain financial support.
Germany released November retail sales up 0.6%, much better than -0.5% expected. The US meeting presents the ISM for manufacturing for the month of December, forecast at 60.2, and the November JOLTS job opportunities.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.