EURUSD rose yesterday and closed at 1.3603. The market has been quiet during the last trading day of November even after most of the US banks are opened after the Thanksgiving holiday in the United States. EURUSD remained steady just about the 1.3600 level, after the CPI Flash Estimate year over year rose 0.9 percent in November. Yesterday the Consumer Price Index in Germany year over year rose 1.3 percent. Market had expected a 1.2 percent rise. Due to the lack of news and the low liquidity on the market we don’t expect large moves for the session ahead, but investors should be fully aware that any potentials comments may bring irregular volatility. Support for the EURUSD is seen at 1.3520 and resistance is seen at 1.3620. The HotForex Traders Board shows that 64 percent of the traders are short on the EURUSD.
Quiet market session after the Thanksgiving day in the United States
No comments:
Post a Comment