The EUR/USD has opened the day of this Monday with an initial rebound that has led to an intraday high of 1.2052 in the Asian session. Subsequently, the pair has lost all the land gained, falling more than 45 pips to a minimum of 2 days in 1.2006 during the European opening.
The single currency maintains its firm tone against the greenback at the beginning of the second week of January. In the coming hours, operators will be watching the data published in the Eurozone, among which are consumer confidence, the economic sentiment indicator and the business climate in December and retail sales in November. Later, the focus will be on FOMC members John C. Williams and Eric Rosengren, who will give speeches at 18.35 GMT and 21.00 GMT, respectively.
[URL deleted] EUR/USD Forecast
In these moments, with the crossover trading above 1.2007, 0.25% below its opening price, a convincing break below the 1.2000 psychological level would reinforce the expectations of a bearish movement and accelerate the fall towards the 1.1945 / 40 horizontal support in route towards 1.1900.
On the upside, an impulse above 1.2050 should face a new offer near the 1.2080 / 90 area. If this area is exceeded, the pair could advance towards the 1.2165 region.
The single currency maintains its firm tone against the greenback at the beginning of the second week of January. In the coming hours, operators will be watching the data published in the Eurozone, among which are consumer confidence, the economic sentiment indicator and the business climate in December and retail sales in November. Later, the focus will be on FOMC members John C. Williams and Eric Rosengren, who will give speeches at 18.35 GMT and 21.00 GMT, respectively.
[URL deleted] EUR/USD Forecast
In these moments, with the crossover trading above 1.2007, 0.25% below its opening price, a convincing break below the 1.2000 psychological level would reinforce the expectations of a bearish movement and accelerate the fall towards the 1.1945 / 40 horizontal support in route towards 1.1900.
On the upside, an impulse above 1.2050 should face a new offer near the 1.2080 / 90 area. If this area is exceeded, the pair could advance towards the 1.2165 region.
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