The pair is consolidating above the support level of 0.7265 during the public holiday in the US and under the influence of competing factors: the Fed’s soft monetary policy stifles growth, while the strong technical oversold condition prevents the price from dropping.
Technical side:
The price is located below …
Friday, September 4th, today’s news—a major drop hit the American markets, Dow futures are down over 800 points, S&P 500 and Nasdaq Composite down 3.5% and 5% respectively. Negative trends also dominate the European and Asian markets, the US dollar is rising ahead of the employment data release, oil is …
The single currency, the euro, fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound for the fourth consecutive session from its high since the second of May of 2018 against the US dollar on the cusp of developments and economic data expected …
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