EURUSD trades in a narrow range around 1.0400 in Friday’s European session amid thin trading as market participants stay on the sidelines due to the...
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Maroc - FINANCIALMIRROR.COM - A La Une - 03/Jan 13:52
Euro-dollar aims for parity amid Fed-ECB divergence
The EURUSD currency pair finds temporary support in Friday’s trading after diving to near 1.0220 on Thursday, the lowest level in two years. The Euro-dollar cross has resumed its phase of decline after breaching below the lower limit of the recent range (1.0330), Societe Generale’s FX analysts noted. “Daily MACD has started posting positive divergence, but signals of a meaningful bounce are not yet visible. The high achieved earlier this week near 1.0460 is an important resistance near term,” the Societe Generale analysts added. “Inability to cross this could mean persistence in downtrend towards next potential objectives located at projections of
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