EURO (EUR) enters Monday’s apartment at a meeting against the US dollar (USD) because it extends the consolidation of profits last week, the main strategist Scotiabank Shaun Osborne and Eric Theoret Report.
Markets are waiting for data on the German Sentiment survey
“The highlight of this week will be the release of the German Sentiment Sentiment Zew, scheduled for Tuesday. Consumption expectations are low and, if surprising, offers a potential source of sentiment for EUR.”
” ECB calendar is empty and view For the relative policy of the central bank, it remains an important source of EUR strength, as markets continue to alleviate their expectations regarding ECB release. ”
“RSI is neutral, reflecting the recent EUR/USD recovery and its subsequent consolidation. The last range was incredibly tight, and the overload was concentrated around 1.1650. We see a close range bound between 1.1620 support and 1,1700 resistance.”
