FXstreet.com (Barcelona) - Despite the upside in the first trading hours of the week, the EUR/USD was capped at 1.2813 and kept falling throughout the Asian and European sessions. The pair bounced from 1.2725 during the American opening and is close to retrace daily losses back to 1.2765.
General risk-off sentiment prevails. The Germany bubill (1-year debt) yield had a new record low, at 0.26%. Low yields in the US are even awakening doves.
“The downtrend from 1.3282 is already over and the pair is in a ranging mode above 1.2640. After today's precise test of 1.2815 I expect a few ranging swings above 1.2740 support, before next leg upwards, to 1.2910 resistance zone”, wrote Deltastock.com analyst Stoyan Mihaylov.
General risk-off sentiment prevails. The Germany bubill (1-year debt) yield had a new record low, at 0.26%. Low yields in the US are even awakening doves.
“The downtrend from 1.3282 is already over and the pair is in a ranging mode above 1.2640. After today's precise test of 1.2815 I expect a few ranging swings above 1.2740 support, before next leg upwards, to 1.2910 resistance zone”, wrote Deltastock.com analyst Stoyan Mihaylov.
