EUR/USD hits highest level since March as dollar slips further to start the session
EUR/USD climbs to a session high of 1.1435
EUR/USD hits highest level since March as dollar slips further to start the session The dollar is keeping weaker to start the session as the risk mood stays more upbeat, with EUR/USD now climbing to fresh four-month highs of 1.1435 – highest level since 10 March.
The pair is looking to keep a firm break above 1.1400 and also the June high @ 1.1422 currently, which will pave the way for buyers to try and test resistance closer to 1.1500.
For the time being, the risk mood remains the key driver with the dollar faltering across the board as we see cable inch just above 1.2600 while AUD/USD is also trying to keep a break above the 0.7000 handle.
Looking ahead towards the weekend, there are risks to be mindful of for the euro though.
EU leaders will be meeting on 17-18 July to try and reach a compromise on the recovery fund proposal but Dutch PM Rutte sort of cast some doubt on that yesterday as he said that he was “pessimstic” about a deal this week.
The key timeline to watch will be until the end of the month, but any setback this week could spark some initial selling in the euro. As such, also be wary of headlines in the lead up to the meeting and also how things progress on Friday.
But for now, it is all about risk and with buyers looking to crack the key technical level above, it is hard to fight the recent momentum in the euro this week.
Source: Technical analysis
Comments (43)
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] There you can find 13181 additional Info on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Read More on on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Find More Information here on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Here you will find 94974 additional Info on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Find More here to that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Find More on to that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Read More on on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] There you can find 54218 additional Info on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
Pretty! This has been a really wonderful post. Many thanks for providing these details.
There is some nice and utilitarian information on this site.
I appreciate you sharing this blog post. Thanks Again. Cool.
The platform is user-friendly and secure and offers a dispute-resolution process to ensure that you’re completely satisfied with the work you receive.
Good post! We will be linking to this particularly great post on our site. Keep up the great writing Watch bbc news fars
I just like the helpful information you provide in your articles
Awesome! Its genuinely remarkable post I have got much clear idea regarding from this post
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
I like the efforts you have put in this regards for all the great content.
I just like the helpful information you provide in your articles
Some really excellent info Sword lily I detected this. dubai racing live tv
Scrap metal ecological impact Scrap aluminium market intelligence Scrap aluminium material inspection
Industrial metal waste reduction, Recycle aluminum cables for cash, Metal repurposing
Metal scraps collection Aluminum recycling supply chain Recycling aluminium circular economy
Scrap metal purchasing, Scrap aluminum cable market analysis, Scrap metal relocation and recycling
Metal scrap industry expertise Aluminium waste reclamation Aluminium scrap trading strategies
Metal scrap brokerage services, Aluminum cable weight, Metal recovery operations
Metal recovery plant Scrap metal import regulations Iron scrap recovery solutions
Ferrous material waste assessment, Iron and steel scrapping yard, Metal waste grading
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
Scrap metal refurbishing Ferrous material machinery upgrades Iron reclaiming solutions
Ferrous material transportation vehicles, Iron waste reprocessing operations, Metal reclamation strategies
Metal reclamation and reclaiming yard Ferrous material reprocessing regulations Iron alloy recycling
Ferrous material recycling industry updates, Iron scrap recovery facilities, Metal scrap reclamation and reuse
Industrial scrap metal management Ferrous material recycling operation Iron waste reclamation and recovery center
Ferrous material scrap analysis, Scrap iron management, Scrap metal end markets
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
Scrap metal recycling solutions Ferrous materials procurement Iron scrap brokerage and trading
Ferrous material resource optimization, Scrap iron utilization, Scrap metal recovery optimization
… [Trackback]
[…] Find More Information here on that Topic: dayfinanceltd.com/eur-usd-hits-highest-level-since-march-as-dollar-slips-further-to-start-the-session/ […]
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.
Yesterday, while I was at work, my sister stole my iPad and tested to see if it can survive a 25 foot drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views. I know this is completely off topic but I had to share it with someone!