The dollar remains unable to obtain a durable traction at the beginning of the week, motivating the pair EUR/USD to extend its bullish move daily to the area of 1.1966/70, or maximum daily.
EUR/USD offered by the weakness of the USD
The pair remains offered up to the time currently in the middle of a bias from sale of wide base that surrounds the dollar, which looms above the minimum daily when it is crawled by the index of the U.S. dollar
The rise in the come point, despite a performance quite positive yields in the money markets of the united States, where the key reference of 10-year-old is playing with maximum daily just below the 2.22%, extending the strong rebound from the monthly minimum near 2.01% .
In the data space, the IPC of the EMU for the month of August coincided with the readings preliminary, with consumer prices rising 1.5% year-on-year and the basic prices 1.2% in the last twelve months.
In the registry of the united States, the index NAHB fell to 64 in the current month, also missing previous estimates. Coming soon on the economic agenda, you will have the TIC flows for the month of July.
Levels of EUR/USD
For the moment, the pair is up 0.21% at 1.1965 and a break above 1.1995 (maximum of 13 September) would go to 1.2041 (maximum of 11 September) and finally 1.2092 (maximum of 6-September 2017). On the other hand, the immediate support aligns at 1.1910 (SMA of 10 days) followed by 1.1839 (support line from 5 months) and finally 1.1837 (minimum of 14 September).