FXStreet – The common currency reached on Monday against the Greenback, a sea-day high, as the EUR/USD to 1,0970/80 rise.
EUR/USD focus on risk trends
The Few climbs today, the 2. Session in a row, while on the other hand, a selling pressure against the Greenback, already in the 2. Half of the last week began.
The US Inflation in the Form of CPI and retail sales disappointed on Friday, resulting in expectations for a Fed interest-rate increase next month were negatively impacted.
Support is won, a tube also due to the significant decline in the political risks in the Region, after Emmanuel Macron, the presidential elections in France. Add to this the results of regional elections in Germany, which paved the way for a re-election of Chancellor Merkel in September
The most recent CFTC data shows that speculative EUR positioning to 1. time since may of 2014, a net Long.
From the Eurozone there is no important data, and so the focus is on the NY Empire State Index, TIC Flows and the NAHB Index.
EUR/USD significant levels
Currently, the days income is 0.34 % in the case of 1,0969 and the next Resistances lie at 1,1024 (2017 High 8. May) and 1,1073 (76,4 % Fibo of the 1,1300-1,0339 decline) and 1.1300 (High-9. November 2016). Currently, Resistances are at 1,0916(23,6 % Fibo of the April to may rally), 1,0873 (20-day SMA) and 1,0838 (Deep 11. May).
** FXStreet News Editorial, FXStreet**