FXstreet.com (Barcelona) - The pair continues its march north on Monday, bolstered by the good performance of the risk associated assets in general. Risk appetite has improved in the second half of the morning, soon after the European session has kicked in, relegating the risk aversion and pushing the single currency to session highs against the greenback in levels just shy of 1.2980
No docket in the euro zone today has matched the sensation of emptiness left by the IMF over the weekend, with no announcements or news whatsoever. In the UK, improvement in the Rightmove House Price index, rising 3.5% MoM and 1.5% YoY, has benefited the sterling at the beginning of the trading day.
As of writing, the pair is up 0.20% at 0.8073 facing the next resistance at 0.8106 (Upper Bollinger) ahead of 0.8114 (MA200d) then 0.8163 (high Jun.11) and 0.8198 (high May 1).
On the flip side, a breakdown of 0.8021 (MA21d) would open the door to 0.7964 (MA100d) then 0.7937 (Lower Bollinger) and finally 0.7923 (low Sep.27).
No docket in the euro zone today has matched the sensation of emptiness left by the IMF over the weekend, with no announcements or news whatsoever. In the UK, improvement in the Rightmove House Price index, rising 3.5% MoM and 1.5% YoY, has benefited the sterling at the beginning of the trading day.
As of writing, the pair is up 0.20% at 0.8073 facing the next resistance at 0.8106 (Upper Bollinger) ahead of 0.8114 (MA200d) then 0.8163 (high Jun.11) and 0.8198 (high May 1).
On the flip side, a breakdown of 0.8021 (MA21d) would open the door to 0.7964 (MA100d) then 0.7937 (Lower Bollinger) and finally 0.7923 (low Sep.27).
