Trade n Trend

Home » EURO » EUR/USD trades above all major DMAs

EUR/USD trades above all major DMAs

EUR/USD trades -0.18% lower at 1.1318, within a striking distance of session lows struck at 1.1311 in mid-Asia. The main currency pair is seen struggling just ahead of 1.13 handle, extending its corrective slide from 1.1364 – seven-week tops printed on Wednesday.

EUR/USD looks to test 1.14 barrier as the US dollar remains on the defensive after dovish Yellen’s comments and a string of mixed Fed speaks, which puts the investors’ confidence in the US currency in disarray.
EU CPI in Focus
The markets continue to cheer upbeat German CPI figures and now gear up for another eventful European session, with Euro zone CPI in the spotlight. While the German retail sales data remains in immediate focus for fresh incentives on the pair.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: