The EUR/USD is trading slightly unchanged since yesterday's levels. The pair continues to gravitate towards 1.04 level, currently 1.0403. Main trend on the long-term remains bearish. Volatility may remain low until Donald Trump officially steps into office.
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EUR/USD traders remains cautious in the first day of the week as price keeps trading unchanged around 1.0540. On Friday the US dollar was benefited by positive US data and that drove the price of the pair down. Now bears seem to have an edge that would give them control over the pair for the short-term.
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EUR/USD is now trading above 1.0630 with a high of 1.0639. The first speech of Donald Trump since July impacted the US dollar as it depreciated against all competitors. First support zone is seen at 1.0630 while first resistance is seen at 1.0660.
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EUR/USD is trading steadily in today's session due to lack of fresh news that can stir the market. Later today we have the Advance Retail Sales and Michigan Confidence. The events have the potential to create the outlook for market behavior for next week.
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EUR/USD is trading to the downside in today's early European hours as market participants are expecting the speech of Theresa May that may influence the Sterling. Traders are heading to the stronger US dollar in an attempt to preserve their capital in case of unwanted volatility in the UK currency. CMP 1.0584 EUR/USD.
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EUR/USD is trading to the upside in today's session after the selling ended yesterday. The pair is now 1.0676, close to day high at 1.0678. Theresa May's speech may affect the currency pair as traders might flee from Sterling on signals for a hard Brexit.
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EUR/USD is trading absolutely unchanged since yesterday's level around the 1.0660 level. The pair appears to be anticipating the Inauguration of Donald Trump as President of the United States of America. High volatility can be expected and traders are advised to use low leverage and small positions as market can go either way.
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