The EUR/USD has dropped once more during the American session after US Consumer Sentiment Index got released. Although below the expected 64.2, the data showed a number of 64.1 in November, above previous month’s 60.9.
While investors waited for more data, the pair was quoting at 1.3380-90, having declined to a low of 1.3359 after it got published. At the moment of writing, the EUR/USD is pricing at 1.3375 and still with selling pressure.
Windsor Brokers analyst Slobodan Drvenica states that “dominating bears suggest further weakness, with loss of 1.3360 to open 1.3300 next”. Resistances may be found at 1.3421, 1.3450 and 1.3480, and after that, 1.3500. As for supports, they might appear at 1.3371, followed by 1.3360, 1.3300 and 1.3483, according to Drvenica.
No comments:
Post a Comment