Wednesday had the shared currency rebound strongly against the US dollar, off May’s opening level at 1.0943. 1.10 came under threat shortly after, displaying a fakeout through the key figure to April’s opening level at 1.1023 on the H4 timeframe.
With the US dollar index travelling through 99.50 and touching gloves with 99.00, EUR/USD H4 price is seen seeking additional bidders for a push to nearby 1.10, a key figure widely watched in this market.
Europe’s shared currency was somewhat muted south of 1.09 against the buck Monday, as US banks closed in observance of Memorial Day and UK banks in view of Spring Bank Holiday.
In spite of clocking session highs at 1.1008, the attempt to regain footing above the 2016 yearly opening level at 1.0873 was abruptly denied, consequently reclaiming a large portion of the week’s upside.
Dear Trader,Please find our Updated trading schedule for US Memorial Day Schedule on Monday, 25th May 2020 below. All times mentioned below are Platform time (GMT +3).
