EURUSD has returned from 1.2070 resistance, limiting the demand for rising after US employment data we received last week. The positive point in the data content is that the rise in prices is at 0.3%, which brings up us interest rates, and the return of parity. The funds continue to increase their Euro long contracts. In the option market, risk appetite is downwards
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EURUSD overview
EURUSD is testing 1.2070 resistance, while the market keeps its negative movement. U.S. interest rates rise again. There is a fatigue in the parity due to its effect and its previous resistance. Although the option market is positioned in favor of the euro in the short term, horizontal movement is maintained for 3 months. Parity is also showing a recent spike in interest rates. Technically, the inability to exceed 1.2070 could bring about a summit formation
EURusd overview
Described last night's Federal Open Market Committee(FOMC) have had an impact on the parity decision. The decision, although the Fed's growth and unemployment forecasts in the details of prospective future inflation could lead to policy change has been upgraded reservations about the perception that the dollar cost worth it. Because yesterday in the U.S. CPI figures of this nature was described. On the other hand, was agreed on yesterday evening with the news that the decision was overshadowed b…