FXStreet – The commandments to the common currency remain unchanged, so that the EUR/USD at the top end of its Range of 1,0880/90 listed.
EUR/USD is now waiting for EK, ECB
The Pair is rising for the first time since Monday, according to the the year could be a result of the Macron victory in the second round of the French elections over 1,1000 formed.
The Pair seems to have been last updated at the week’s low of 1,0850 a support found. The sentiment towards the Greenback has improved in the last few days, after which the US Dollar Index DXY had formed at the beginning of the week, the new 2017 Low at 98,30.
Of data waiting for us next to the ECB’s economic Bulletin and the economic forecast of the European Commission.
From the other side of the pond, there is the weekly unemployment benefits, producer prices, and the Speeches by Chicago Fed C. Evans (voter, centrist) and the New York Fed’s W. Dudley (permanent voter, centrist).
• EUR/USD analysis: the challenge of the critical support
EUR/USD significant levels
Currently, the days income is 0.19 % in the case of 1,0888 and the next Resistances lie at 1,0900 (to the power of 10. May), 1,0916 (Fibo 23.6% on the April-to-may rally) and 1,0935 (High-9. May). Currently supports can be found at 1,0851 (Deep 10. May), 1,0850 (38,2 % Fibo of the April to may rally) and 1,0828 (200-day SMA).
** FXStreet News Editorial, FXStreet**