However, according to Monica Perez, an analyst at Capital & Exchange: "After some erratic and inconclusive trending, the euro has begun to turn downward in the short term, like the Australian dollar and Canadian dollar. In all cases, prices are support and resistance levels are very close, which should fail to confirm two separate movements for the dollar. "added Perez.
The cross is currently trading in the area of 1.0037, advancing at a rate of +0.27% above its opening price level. According to the technical analysts at Capital & Exchange, the pair will encounter resistance at 1.0052. However, in the event of a pullback, the pair will be met by support at 1.0006 and 0.9968.