Monday, February 4, 2019

Eurusd kept near maxima at 1 0650

Eur / usd kept near maxima at 1.0650


Using the fact that the whole buck today holds under pressure, EUR / USD remains near session highs 1.0650.

The pair started the session quite weak, but then was dispersed and fixed above the support of 1.0600 against the background of the widespread fall of the dollar.

Americans pressured the weak data of the index Empire State activity that drove the dollar index to step down to the psychological level of 100.00. In addition, the escalation of geopolitical tensions continue to support the euro as a funding currency.

However, in anticipation of such risk factors, as the presidential election in France, investors are unlikely to want to hold large positions, and it may ultimately restrain further growth of the pair, at least - at the moment.

Technical levels on EUR / USD

Clean break above 1.0650 would send the pair to 1.0700 and 1.0675-80. Support held at 1.0630-25, 1.0600 and 1.0570 (month low marked last week).



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