Sellers Lay in Wait as Fed and ECB Minutes Eyed
– EUR/USD steadying but support shifting to 1.16
– Recoveries seen meeting resistance above 1.18
– Sellers lay in wait as Fed speech, ECB mins eyed
– Putting Fed-ECB divergence back under spotlight
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- EUR/USD reference rates at publication:
- Spot: 1.1716
- Bank transfers (indicative guide): 1.1306-1.1388
- Money transfer specialist rates (indicative): 1.1611-1.1634
- More information on securing specialist rates, here
- Set up an exchange rate alert, here
The Euro-to-Dollar exchange rate has been quick to rebound following recent global market turbulence but has prospective sellers already waiting in the wings and faces a dense scrub of resistance barriers at nearby levels overhead, which could potentially see its recovery curbed in the week ahead.
Europe’s single currency fell to fresh 2021 lows against the Dollar last week, appearing to give up an important layer of technical support at 1.17 in the process while…
