- The euro is among the best performing currencies on Monday.
- The dollar with mixed results, finds demand due to risk aversion.
- EUR / USD remains in recent range, despite events from the past week.
EUR / USD is trading around 1.1270, having hit a high for the day at 1.1275. The rise comes after having had the lowest daily close since November 25 on Friday, but still within the recent range.
The pair continues to move between 1.1350 and 1.1250, sideways. The decisions of the Federal Reserve and the European Central Bank they failed to get the price out of the range. A report on Monday showed that several ECB officials asked for a clearer message on the upside risks of inflation.
The advance of the EUR / USD may find limitations in what happens with the rise in the yields of the Treasuries, which bounce from lows in sessions and due to risk aversion. On Wall Street, futures point to a negative open with falls on average of 1%. In Europe, casualties in the main squares exceed 1%.
Looking ahead to the next few hours, the economic calendar is light without strong data ahead. The most noteworthy is the placement of debt in the US, which if it generates surprises could have a wide impact on Treasury bonds and therefore, on the foreign exchange market.
Technical levels
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