Dear friends, EUR/USD is maintaining a strong upward trend in the early trading hours of the new week, consolidating around the 1.0950 level and directly facing resistance at 1.095. This currency pair is currently supported by the selling of the US dollar and the slow pace of the US bond yields amid cautious sentiment. Data from the US and Lagarde's testimony are eagerly awaited.
-Private sector business activity in the US is expected to slow down in November. In the event of disappointing PMI results, the US dollar (USD) may struggle to sustain its recovery against its counterparts in the US trading session, creating trading opportunities around the EUR/USD pair. Source: FXSTREET
-Private sector business activity in the US is expected to slow down in November. In the event of disappointing PMI results, the US dollar (USD) may struggle to sustain its recovery against its counterparts in the US trading session, creating trading opportunities around the EUR/USD pair. Source: FXSTREET
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Comment:
The green silver coins expand the discount trend and return to the 103.20 area when measured by the USD (DXY) index in the context that is still dominated by the demand for risky assets on Monday.
