EUR/USD lower to start the day as euro weighed down by fears of tighter virus restrictions
It is going to be a decisive day for Germany and France
Merkel will be meeting with regional leaders later today, and a ‘lockdown light’ is reportedly planned for Germany – possibly even lasting up to a month.
Meanwhile, Macron will be addressing French citizens later today where he is expected to announce tighter virus restrictions somewhat similar to a lockdown, but there will be more flexibility afforded this time around.
The potential impact on two of Europe’s biggest economies is not resonating well with the euro and the single currency is trading below 1.1800 against the dollar:
opside price action was limited around the 100-hour MA (red line) in trading yesterday as sellers leaned on that level to maintain some near-term control.
The push below the 200-hour MA (blue line) and 1.1800 now sees them establish a more bearish near-term bias with further support seen closer to 1.1762-64 next.
Just be mindful that when European traders enter later, there could be more reactive flows in the euro and European assets in general in anticipation of what is to come from Germany and France later in the day.
In any case, the technical bias in the pair is now favouring sellers in the near-term unless buyers can work their way back above 1.1800 and the 200-hour MA @ 1.1804.
As for any major downside push, sellers also still have work to do in searching for a firm break/close below the 1.1700 handle in the bigger picture.
Source: Technical analysis
Comments (64)
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] Find More Information here on that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
Wonderful web site. Plenty of useful information here. I’m sending it to a few pals
ans additionally sharing in delicious. And naturally, thanks for your effort!
Hi! I’ve been reading your weblog for a long time now and finally got the courage to go ahead and
give you a shout out from Atascocita Tx! Just wanted to tell you keep
up the good job!
Good article. I’m going through many of these issues as well..
Write more, thats all I have to say. Literally, it
seems as though you relied on the video to make your point.
You obviously know what youre talking about, why throw away your intelligence on just posting
videos to your site when you could be giving us something
informative to read?
Pretty element of content. I simply stumbled upon your blog and in accession capital to say that I get in fact enjoyed
account your blog posts. Anyway I’ll be subscribing for your feeds or
even I success you get right of entry to constantly rapidly.
What’s up, constantly i used to check weblog posts here early in the dawn, for the reason that
i love to gain knowledge of more and more.
Wonderful blog! I found it while surfing around on Yahoo News.
Do you have any suggestions on how to get listed in Yahoo News?
I’ve been trying for a while but I never seem to get there!
Cheers
We’re a group of volunteers and starting a new scheme in our community.
Your website provided us with valuable information to work on. You’ve done an impressive job and our entire
community will be grateful to you.
When I originally commented I clicked the “Notify me when new comments are added”
checkbox and now each time a comment is added I get
several e-mails with the same comment. Is there any way
you can remove me from that service? Thanks!
There’s definately a great deal to know about this topic.
I like all of the points you have made.
Thanks on your marvelous posting! I actually enjoyed reading
it, you happen to be a great author. I will remember to bookmark your blog and may come back sometime soon. I want to encourage you continue your
great writing, have a nice day!
Heya! I just wanted to ask if you ever have any
problems with hackers? My last blog (wordpress) was hacked and I ended up losing a few months of hard
work due to no backup. Do you have any methods to protect against hackers?
… [Trackback]
[…] There you can find 71954 additional Info on that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
I’ve been exploring for a bit for any high-quality articles or weblog posts in this kind of area .
Exploring in Yahoo I at last stumbled upon this web site.
Reading this info So i’m satisfied to convey that I’ve
a very just right uncanny feeling I discovered exactly what I needed.
I such a lot unquestionably will make certain to don?t forget this web site and provides it a look on a relentless basis.
Thanks for another excellent post. The place else may just anyone get that type of
info in such a perfect way of writing? I have a presentation next week,
and I’m at the search for such info.
I got this website from my buddy who told me on the topic of this web site and now this
time I am browsing this site and reading very informative articles here.
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] Find More here to that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] There you will find 12587 more Info on that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
Hey there! Do you know if they make any plugins to help with SEO?
I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good
results. If you know of any please share. Thanks!
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] Find More here to that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] Read More on on that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] Here you can find 8799 more Information to that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] Find More Info here on that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
I visit every day some websites and websites to read posts,
but this blog gives quality based content.
Here is my homepage: tracfone 2022
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] Find More on to that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] There you can find 40198 more Info to that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
… [Trackback]
[…] Here you will find 8656 additional Information on that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/eur-usd-lower-to-start-the-day-as-euro-weighed-down-by-fears-of-tighter-virus-restrictions/ […]
I may need your help. I’ve been doing research on gate io recently, and I’ve tried a lot of different things. Later, I read your article, and I think your way of writing has given me some innovative ideas, thank you very much.
Very nice blog post. I definitely love this site. Stick with it!
This is my first time pay a quick visit at here and i am really happy to read everthing at one place
Hi there to all for the reason that I am genuinely keen of reading this website s post to be updated on a regular basis. It carries pleasant stuff.
This was beautiful Admin. Thank you for your reflections. Watch bbc farsi صفحه اول
I m often to blogging and i really appreciate your content. The article has actually peaks my interest.
A number of them are rife with spelling problems and I find it very bothersome to tell the truth on the other hand I will surely come again again.
I m often to blogging and i really appreciate your content. The article has actually peaks my interest.
I m going to bookmark your web site and maintain checking for brand spanking new information.
I think the admin of this site is really working hard for his website since here every stuff is quality based data. dubai racing live today
Metal treatment services Aluminium alloy salvage yard Sustainable aluminium recycling practices
Environmentally friendly scrap metal trading, Scrap aluminum cable recycling process, Metal scrap sorting
Scrap metal recycling solutions Aluminum scrap handling Aluminium scrap shearing
Metal waste branding, Scrap aluminum cables, Metal scraps reclamation yard
Scrap metal regulations Aluminum recycling network Aluminium foil recycling
Scrap metal value recovery, Aluminum cable recycling guidelines, Industrial scrap metal recycling
Metal waste treatment Metal reclaiming and reprocessing Iron reclamation and reprocessing
Ferrous metal inventory management, Iron reclamation yard services, Scrap metal sorting
Metal recycling solutions center Ferrous material environmental regulations Iron and steel reuse
Ferrous waste management, Iron recovery and reprocessing, Scrap metal reuse
Scrap metal reclamation and recycling center Ferrous material recycling consultancy Iron salvage yard
Ferrous material recycling inventory, Iron scrap inspection, Scrap metal inventory tracking
Scrap metal buyback Ferrous material compactor Iron scrap reclaiming center
Ferrous material handling equipment, Iron waste management, Scrap metal processing equipment
Usually I do not read article on blogs, however I wish to say that this write-up very pressured me to try and do so! Your writing taste has been amazed me. Thank you, quite great article.
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.
One of the leading academic and scientific-research centers of the Belarus. There are 12 Faculties at the University, 2 scientific and research institutes. Higher education in 35 specialities of the 1st degree of education and 22 specialities.
One of the leading academic and scientific-research centers of the Belarus. There are 12 Faculties at the University, 2 scientific and research institutes. Higher education in 35 specialities of the 1st degree of education and 22 specialities.
Крупный учебный и научно-исследовательский центр Республики Беларусь. Высшее образование в сфере гуманитарных и естественных наук на 12 факультетах по 35 специальностям первой ступени образования и 22 специальностям второй, 69 специализациям.
I will right away take hold of your rss as I can not find your email subscription link or newsletter service. Do you have any? Please allow me recognize so that I may subscribe. Thanks.
Thank you for another magnificent article. Where else may anyone get that kind of information in such a perfect approach of writing? I have a presentation next week, and I am at the look for such information.
Good info. Lucky me I discovered your website by accident (stumbleupon). I have book-marked it for later!