EURUSD bounced off the short-term support zone near round 1.1300 level yesterday. The pair managed to climb to the local highs after bouncing off the mentioned support. However buyers failed to bring the price above, and the local correccion started. The lack of any macro data scheduled for today's session does not help in higher volatility. The current base scenario assumes a sideways move. However, if the situation would change, and the upside breakout occurs, the 1.136-1.1375 zone should be considered as the next resistance. On the other hand, in case the support at 1.1300 is negated, the next important demand zone lies at 1.1240.
EURUSD H1 interval. Source: xStation5
Daily summary: Weak US data drags markets down, precious metals under pressure again!
BREAKING: US RETAIL SALES BELOW EXPECTATIONS
Politics batter the UK bond market once more, as Starmer remains under pressure
Takaichi’s party wins elections in Japan – a return of debt concerns? 💰✂️
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
