This week, the EUR/USD pair will be in the spotlight as important data about the American economy is released. Investors will be closely monitoring the U.S. inflation results, measured by the CPI and PPI, as well as retail sales. These events will increase the market volatility.
On the one-hour chart, we can see that buyers have managed to break through important technical structures that have supported the recent recovery of the euro against the dollar. Currently, the price is trading near the lower boundary of the consolidation zone, and a break above this zone could lead to further momentum.
EUR/USD 1 hour time frame chart. Source: xStation 5
Additionally, if we observe the behavior of the U.S. dollar with bonds, we note a resurgence of divergence between the two markets, which could be a sign that the USD has room to decline further.
Dollar Index, Daily time frame chart. Source: xStation 5
Forex Heatmap. Source: xStation 5
Henrique Tomé,Analyst Portugal
حصاد الأسواق: الدولار يرتفع والنفط يتراجع؛و EURUSD يسجل أدنى مستوياته منذ عدة أشهر
هل تكفي نتائج ميكرون الأسواق لاستكمال الاتجاه الصعودي
عاجل: بيانات مؤشر معهد إدارة التوريدات (ISM) للصناعات التحويلية في الولايات المتحدة دون التوقعات!
زوج اليورو/دولار يواصل تراجعه 📉 هل تُلقي أسعار الطاقة المرتفعة بظلالها على أوروبا؟