Euro / U.S. DollarShort
EUR/USD bearish day ahead?...
The Dollar looks laboured ahead of NFP and Monday’s US market holiday, or simply fatigued after its recovery exertions that culminated in the DXY reaching 93.074 before petering out. Pre-NFP caution and consolidation has curtailed price action with major pairings restrained within narrow ranges, exemplified by the index sticking to tight confines just below the round number (92.887-658). US Treasuries are back in bear-steepening mode to offer the Greenback support, while stocks are attempting to draw a line under yesterday’s rout awaiting further direction from the aforementioned jobs data.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.