EUR/USD Faces Setbacks:
📉 The EUR/USD faced setbacks as it slipped below 1.1100.
📈 Driven by a surge in US Treasury yields despite mixed American economic reports.
Resilient US Dollar:
💪 The US Dollar remained resilient, largely unaffected by jobless claims uptick and stagnant pending home sales.
🎉 Wall Street's festive rally had limited impact on the greenback.
Yield Rebound Post 7-Year Note Auction:
📈 The greenback found strength with a rebound in yields post a 7-year note auction.
🔄 Sidelining the impact of economic data on the US Dollar.
Upcoming Focus on Spain's CPI:
🇪🇸 Attention turns to Spain's preliminary CPI figures for December.
🌐 Crucial for insight into Eurozone inflation, likely to shape the pair's trajectory.
EUR/USD Current Movement:
📉 On Thursday, the EUR/USD moved lower, reaching the middle band of the Bollinger Bands.
📈 Currently, the price is moving slightly above the middle band, suggesting a potential upward movement.
Relative Strength Index (RSI):
⚖️ The Relative Strength Index (RSI) maintains its position at 55.
🔄 Signaling a neutral outlook for this currency pair.
Key Technical Levels:
🚀 Resistance levels: 1.1138, 1.1222.
📉 Support levels: 1.1043, 1.0946.
📉 The EUR/USD faced setbacks as it slipped below 1.1100.
📈 Driven by a surge in US Treasury yields despite mixed American economic reports.
Resilient US Dollar:
💪 The US Dollar remained resilient, largely unaffected by jobless claims uptick and stagnant pending home sales.
🎉 Wall Street's festive rally had limited impact on the greenback.
Yield Rebound Post 7-Year Note Auction:
📈 The greenback found strength with a rebound in yields post a 7-year note auction.
🔄 Sidelining the impact of economic data on the US Dollar.
Upcoming Focus on Spain's CPI:
🇪🇸 Attention turns to Spain's preliminary CPI figures for December.
🌐 Crucial for insight into Eurozone inflation, likely to shape the pair's trajectory.
EUR/USD Current Movement:
📉 On Thursday, the EUR/USD moved lower, reaching the middle band of the Bollinger Bands.
📈 Currently, the price is moving slightly above the middle band, suggesting a potential upward movement.
Relative Strength Index (RSI):
⚖️ The Relative Strength Index (RSI) maintains its position at 55.
🔄 Signaling a neutral outlook for this currency pair.
Key Technical Levels:
🚀 Resistance levels: 1.1138, 1.1222.
📉 Support levels: 1.1043, 1.0946.