- The EUR/USD has renewed the three-month highs above 1.1200
- The Risk on mood, the bottom, the US dollar, and accessories at the top of the ad.
- Focus on the Euro area and the united states, the Services PMI and G7 call.
The EUR/USD is difficult to three-month highs above 1.1200, if we are to progress towards the European opening bells. The US dollar extends its five-day losing streak in the middle of a risk on rally in global equities, supported by economic recovery hopes.
The demand for the safe-haven usd is not present, as investors seek higher returns, undeterred by the imminence of the feline corona virus risk, and the escalation of US-riots of the situation. The US dollar index prints, a new three-month low, or 97.39, down from 0.28% to date.
The main catalyst for the EUR/USD, the rally remains in the dollar is the dynamic macro updates of the two continents, offering little impetus to the markets, the risk trends of their states.
Wednesday calendar, the trader will watch for the Euro-zone Final Services Pmi and German jobs data. During this time, in the FOLLOWING session, the US ISM Non-Manufacturing PMI and Factory Orders data to stand out, and offer some new clues on the dollar in the trade.
The G7 conference call, later, will also remain in focus, all eyes remain on Thursday of the European Central Bank (ECB), the monetary policy decision of the direction of the bed.
EUR/USD technical levels to watch
The immediate resistance expected at 1.1243 (daily classic R2), above which 1.1300 remains on the view. On the downside, supports are aligned at 1.1161 (daily pivot) and 1.1138 (Ju5-DMA).