- US dollar gains momentum during the American session.
- EUR/USD falls for the third consecutive day after a brief recovery.
The EUR/USD extended the decline and fell to 1.1693, reaching the lowest level since November 2020. It remains under pressure hovering around 1.1700.
The move lower took place amid a stronger US dollar across the board. The DXY is up 0.07%, trading at 93.20, on its way to the highest close since March. Market participants await the outcome of the FOMC minutes to be released at 18:00 GMT.
Equity markets are moving sideways and commodity prices turned to the downside during the American session, with gold and silver accelerating the decline. US bond yields are modestly higher. The 10-year yield reached a three-day high at 1.286%.
The FOMC minutes could trigger sharp moves. Market participants will search for clues about a tapering timeline for the purchase program. Next week, Jerome Powell will speak at the Jackson Hole symposium.
|Today last price||1.1702|
|Today Daily Change||-0.0008|
|Today Daily Change %||-0.07|
|Today daily open||1.171|
|Previous Daily High||1.1785|
|Previous Daily Low||1.1708|
|Previous Weekly High||1.1805|
|Previous Weekly Low||1.1706|
|Previous Monthly High||1.1909|
|Previous Monthly Low||1.1752|
|Daily Fibonacci 38.2%||1.1737|
|Daily Fibonacci 61.8%||1.1755|
|Daily Pivot Point S1||1.1684|
|Daily Pivot Point S2||1.1658|
|Daily Pivot Point S3||1.1607|
|Daily Pivot Point R1||1.176|
|Daily Pivot Point R2||1.1811|
|Daily Pivot Point R3||1.1837|
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