EUR/USD inches back towards 1.1700 as sellers wrestle back some near-term control
EUR/USD falls to a session low of 1.1702 as sellers look for a firm break below the 200-hour moving average
The euro has had a decent start to the week in the past two days but all of that is under threat now as sellers are looking to stage a return with a push back under the 200-hour MA (blue line) @ 1.1712 in European morning trade today.
Keep below that and the near-term bias will turn back more neutral with the 1.1700 handle a key line in the sand to watch in terms of trading sentiment.
The euro may have recovered slightly from last week’s drop – mostly due to dollar weakness – but the single currency itself is now facing some headwinds on the week:
Merkel warns that delay in EU recovery fund ‘increasingly likely’
Spain September preliminary CPI -0.4% vs -0.5% y/y expected
Germany September preliminary CPI -0.2% vs 0.0% y/y expected
France September preliminary CPI +0.1% vs +0.2% y/y expected
Italy September preliminary CPI -0.5% vs -0.4% y/y expected
A delay to the recovery fund will be a major setback for the economic recovery going into next year and with the virus situation worsening – a second wave already starting – it isn’t making for much optimism about the outlook moving forward.
Add that to more subdued inflation pressures, which is prompting much chatter from the ECB as seen today, it isn’t a good look on how things are progressing in the euro area as a whole over the past few weeks.
The ECB may be brushing aside the drop in inflation for now, but the question remains how much can they tolerate before taking further action?
The main worry is that if such subdued conditions persist, it may lead to a de-anchoring of inflation expectations so policymakers can’t be too complacent.
Perhaps the dollar’s demise may be a little premature but for trading today, there are also other factors to consider in EUR/USD price action.
Short covering in the dollar was perhaps a key factor in the move last week and month-end flows today may also be suggestive of further dollar strength, so that could be part and parcel of the equation in dictating trading sentiment today as well.
Back to the technical picture, a break back below 1.1700 will be a major blow for buyers and that opens up a potential retest of the 100-hour MA (red line) @ 1.1672.
If sellers can keep the momentum to break that, then a retest of the low @ 1.1615 will be on the cards next.
As for buyers, they will have to try and keep above 1.1700 and try to move past near-term resistance around 1.1750 in order to feel more comfortable once again.
Source: Technical analysis
Comments (69)
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Here you can find 44396 additional Info on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Here you can find 52211 more Info on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Find More Information here to that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Find More Information here on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Here you will find 89127 more Information on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] There you will find 88162 more Info to that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Here you will find 46782 more Info on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
The omega 6 fatty acids in sesame seeds may also help to reduce blood pressure what is accutane The symptoms you report are extremely common and related to the not only the increased size of the ovary following induction but also the formation of corpus luteal cysts after ovulation has occurred
buy cialis online 20mg Shimoyama T, Hiraoka K, Shoda T, Hamada T, Fukushima N, Nagata K
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
… [Trackback]
[…] There you can find 88165 additional Information to that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
It’s an awesome paragraph for all the internet viewers; they will take benefit
from it I am sure.
Does your site have a contact page? I’m having trouble locating it but, I’d like
to shoot you an email. I’ve got some creative ideas for your blog you might be
interested in hearing. Either way, great website and I look forward to
seeing it develop over time.
Hi, i think that i noticed you visited my site thus i came to return the want?.I am trying to in finding
things to enhance my site!I guess its adequate to make use of
some of your concepts!!
Hiya very nice site!! Guy .. Beautiful .. Wonderful .. I’ll bookmark your blog
and take the feeds also? I am happy to search out numerous useful information right
here within the publish, we want develop more strategies on this
regard, thanks for sharing. . . . . .
These are genuinely fantastic ideas in on the topic of blogging.
You have touched some good factors here. Any
way keep up wrinting.
Hello there! This is kind of off topic but I need some advice from an established blog.
Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty
fast. I’m thinking about making my own but I’m not sure where to begin. Do you have
any ideas or suggestions? Appreciate it
Hi everyone, it’s my first pay a quick visit at this site, and post is truly fruitful designed
for me, keep up posting these articles or reviews.
Link exchange is nothing else but it is simply placing the other person’s weblog link on your page
at suitable place and other person will also do same in support of you.
Hiya! I know this is kinda off topic nevertheless I’d figured I’d ask.
Would you be interested in exchanging links or maybe guest authoring a blog article or vice-versa?
My blog discusses a lot of the same subjects as yours and I feel we could greatly benefit from each
other. If you are interested feel free to send
me an e-mail. I look forward to hearing from you!
Excellent blog by the way!
Pretty great post. I just stumbled upon your blog and wanted
to mention that I’ve truly loved browsing your blog posts.
After all I’ll be subscribing in your feed and I am hoping you write again soon!
Have you ever considered about including a little bit more than just your articles?
I mean, what you say is fundamental and all. Nevertheless
think of if you added some great images or video clips to give your posts more, “pop”!
Your content is excellent but with pics and videos, this site
could undeniably be one of the greatest in its niche.
Great blog!
Yes! Finally something about %keyword1%.
Wonderful goods from you, man. I’ve understand your stuff previous to and you’re just too fantastic. I really like what you’ve acquired here, really like what you’re stating and the way in which you say it. You make it entertaining and you still take care of to keep it sensible. I can not wait to read far more from you. This is actually a terrific website.
We are a gaggle of volunteers and starting a new scheme in our community. Your web site provided us with helpful information to work on. You have performed an impressive activity and our whole group will be grateful to you.
polka dot chocolate bar, Polka dot shroom bars, polka dot magic belgian chocolate, polkadot bars, polka dot chocolate reviews, magic mushroom chocolate, Order Polka dot Mushroom, psilocybin chocolate bar, where to Buy Polka dot Mushroom, Polka dot Mushroom for sale psychedelic chocolate bars, magic chocolate bars
psychedelic-chocolate-bars
polka-dot-bars
polkadot-magic-belgian-chocolate
polka dot chocolate bars
polka dot shroom chocolate
polkadot chocolate bar
polka dot magic chocolate bar
mushroom chocolate bar packaging
polka dot mushroom belgian chocolate
magic mushroom chocolate
polka dot chocolate mushroom
magic mushroom bar
polka dot chocolate bar
polkadot mushroom chocolate dc
polka dot mushroom bars
polka dot chocolate bar
polka dot chocolate review
polka dot magic chocolate bar
polka dot shroom chocolate
psilocybin chocolate bar
best mushroom gummies
polka dot gummies
mushroom gummies
benefits of mushroom gummies
polka dot mushroom bar
polkadotchocolatebars.us
polka dot bar
polkadot chocolate
polka dot magic belgian chocolate
polka dot shroom chocolate
polka dot mushroom chocolate bar
psislocybin chocolate bar
polka dot mushroom chocolate box
polkadot bars
polkadot-mushroom-chocolate-bars
polka dot chocolate
polka dot shroom bar
shroom chocolate bar
polka-dot-mushroom-bar, shroom chocolate bar, polka dot chocolates, psilocybin chocolate
polka-dot-magic-belgian-chocolate, shroom chocolate bar
magic belgian chocolate, mushroom chocolate bar
polka dot mushroom chocolate
polka dot chocolate
polka dot shroom bars
polkadot bar
polka dot mushroom bars
где продать золото дорого в москве – сколько стоит скупка золота в москве
I like reading a post that will make people think. Also, thanks for allowing for me to comment!
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/eur-usd-inches-back-towards-1-1700-as-sellers-wrestle-back-some-near-term-control/ […]
It’s not my first time to pay a visit this web site, i am visiting this web site dailly and take pleasant information from here everyday.
Wow, this post is nice, my sister is analyzing such things, so I am going to let know her.
Hello there! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Nonetheless, I’m definitely glad I found it and I’ll be bookmarking and checking back often!
You should take part in a contest for one of the best sites on the internet. I will recommend this blog!
First off I want to say wonderful blog! I had a quick question that I’d like to ask if you don’t mind. I was curious to know how you center yourself and clear your thoughts before writing. I have had trouble clearing my mind in getting my thoughts out. I do enjoy writing but it just seems like the first 10 to 15 minutes are wasted just trying to figure out how to begin. Any ideas or tips? Cheers!
Howdy! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My blog looks weird when viewing from my iphone4. I’m trying to find a theme or plugin that might be able to correct this problem. If you have any suggestions, please share. Appreciate it!
Simply want to say your article is as astonishing. The clearness in your post is simply excellent and i can assume you are an expert on this subject. Well with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please keep up the gratifying work.
It’s not my first time to pay a visit this web site, i am visiting this website dailly and get good information from here daily.
What a information of un-ambiguity and preserveness of precious familiarity about unexpected feelings.
What’s up it’s me, I am also visiting this site regularly, this website is actually good and the users are actually sharing nice thoughts.
I must thank you for the efforts you have put in writing this blog. I’m hoping to see the same high-grade blog posts from you in the future as well. In fact, your creative writing abilities has inspired me to get my very own blog now 😉
Hey! Do you know if they make any plugins to protect against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any recommendations?
Magnificent goods from you, man. I’ve understand your stuff previous to and you’re just too fantastic. I really like what you’ve acquired here, really like what you’re stating and the way in which you say it. You make it entertaining and you still take care of to keep it smart. I cant wait to read far more from you. This is actually a wonderful site.
My partner and I absolutely love your blog and find the majority of your post’s to be just what I’m looking for. Does one offer guest writers to write content for you personally? I wouldn’t mind publishing a post or elaborating on some of the subjects you write related to here. Again, awesome web site!
I always spent my half an hour to read this weblog’s articles or reviews everyday along with a cup of coffee.
Greate article. Keep writing such kind of information on your page. Im really impressed by your site.
What’s up mates, pleasant article and good arguments commented here, I am truly enjoying by these.
Hi there to all, the contents present at this web site are really remarkable for people experience, well, keep up the nice work fellows.
fantastic publish, very informative. I’m wondering why the other experts of this sector do not understand this. You should continue your writing. I am sure, you have a huge readers’ base already!
Way cool! Some very valid points! I appreciate you writing this post and also the rest of the site is extremely good.
Pretty portion of content. I simply stumbled upon your website and in accession capital to claim that I acquire in fact enjoyed account your blog posts. Any way I’ll be subscribing for your augment or even I achievement you access consistently rapidly.
Greetings! Very helpful advice within this article! It is the little changes that produce the most important changes. Thanks for sharing!
Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your weblog? My website is in the very same area of interest as yours and my visitors would genuinely benefit from a lot of the information you present here. Please let me know if this alright with you. Many thanks!
I enjoy what you guys are up too. Such clever work and exposure! Keep up the awesome works guys I’ve incorporated you guys to my blogroll.
It is appropriate time to make a few plans for the future and it is time to be happy. I have read this publish and if I may just I wish to recommend you few interesting things or advice. Perhaps you could write next articles relating to this article. I wish to read more things approximately it!