TenkoFX - Analytics


    425.75 7.25/10
    68% of positive reviews

    EUR/USD softer, near 1.1130 ahead of Sentix Pablo Piovano

    The single currency is trading on a soft note at the beginning of the week, now sending EUR/USD to the 1.1130 area.EUR/USD holds on to 1.1100Spot is now looking to consolidate above the 1.1100 handle, attempting some consolidation in the upper end of the range after post-Brexit lows in the 1.0900 neighbourhood.Scarce volatility and thin trade conditions are poised to dominate sentiment on Monday in response to the inactivity in US markets due to Independence Day holiday.Other than that, Investors’ Sentiment in the euro region tracked by the Sentix index is expected to ease to 5.0 for the month of July following the ‘Brexit’ vote in the UK.EUR/USD levels to watchThe pair is now losing 0.01% at 1.1136 and a break below 1.0913 (post-Brexit low Jun.24) would open the door to 1.0820 (low Mar.10) and finally 1.0709 (low Jan.5). On the other hand, the initial resistance aligns at 1.1164 (base of the 6-month up-channel) followed by 1.1215 (20-day sma) and then 1.1269 (55-day sma).

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree