Forex, video, latest April 15, 2021 3:01 pm
EUR/USD holds inside a narrower range so far today but at 1.1980 levels now
a pair kept lower at a tail-end of Asia trading at 1.1970 but has now moved up again to close inside on resistance from a mid-March highs close to 1.1990 as a USD eases amid firmer risk sentiment to start European morning trade.
a resistance region at 1.1990-00 remains a key spot to watch since yesterday as buyers continue to keep near-term control inside a pair.
A break above that become open up a path towards testing a 100-day moving average (red line) @ 1.2050 but if sellers hold, that could establish a short-term top after having seen said resistance region hold a upside momentum during mid-March.
All eyes today become become on US retail sales data though also while expectations are that us become see a strong reading (with a potential to see a strong beat on a already solid estimates), it still may not become a right tonic for yields to jolt higher.
After all, much like all a another stellar data releases inside a past two weeks, it is still a bit too early to end a debate on a economic recovery/rebound also inflation.
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