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আমরা শুধুমাত্র একটি ব্রোকার নই। আমরা একটি সর্বাত্মক ট্রেডিং ইকোসিস্টেম—বিশ্লেষণ, ট্রেড, এবং প্রবৃদ্ধির জন্য আপনার যা কিছু প্রয়োজন তা এক জায়গায়। আপনার ট্রেডিং উন্নত করতে প্রস্তুত?

EUR/USD briefly rises above 1.0800

FXStreet (Córdoba) - EUR/USD climbed further and reached its highest level in 8 days as the dollar resumed its slide during the American session, feeling the pressure of disappointing US economic data.

Fed members speaking

Several Fed members spoke today on both sides of the Atlantic. Perhaps, Bank of Boston President Rosengren was the more dovish, saying economic conditions haven’t been met yet for Fed to warrant a rate rise. In the same direction, Atlanta Fed’s D.Lockhart advocated for a later rates lift-off, considering it a prudent decision.

On the hawkish side, Federal Reserve Vice Chairman Stanley Fischer said markets can't depend on the current situation continuing forever or even, probably, beyond the end of this year, but the Fed itself doesn't yet know when to begin hiking rates.

EUR/USD reached a peak of 1.0817 before pulling back slightly to currently trade around 1.0785, still up 0.95% on the day.

Even though the Greek drama seems far from a resolution, the euro managed to recover 300 pips throughout the week, as the dollar was hurt by soft economic figures.

EUR/USD technical perspective

“The technical picture favors the upside, as the price recovered above the 50% retracement of the latest daily bullish run at 1.0755”, said Valeria Bednarik, chief analyst at FXStreet. “Should the pair break above 1.0825, the 38.2% retracement of the same rally, the upward movement can extend up to 1.0900/50 before the week is over”.

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US session in a snapshot - FXStreet

Valeria Bednarik, chief analyst at FXStreet noted that market players chose to dump the greenback for second day in a row, following the release of more tepid US data.
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