EURUSD on Monday fell by -0.79% and matched last Thursday’s 8-3/4 month low. The euro was under pressure Monday after the 10-year T-note yield climbed to a 16-year high, which strengthened the dollar’s interest rate differentials versus the euro.
Monday’s comments from ECB Vice President Guindos supported the euro when he said interest rates at their current levels will help bring down inflation to the ECB's 2% target and that talk of rate cuts by the ECB is premature.
Monday’s Eurozone economic news was bullish for the euro after the Eurozone Aug unemployment rate fell -0.1 to match the record low of 6.4%, right on expectations.
EURUSD
BUY 1.0459 - 1.0469 🔽🔽
✔️TP: 1.0500
❌SL: 1.0429
Monday’s comments from ECB Vice President Guindos supported the euro when he said interest rates at their current levels will help bring down inflation to the ECB's 2% target and that talk of rate cuts by the ECB is premature.
Monday’s Eurozone economic news was bullish for the euro after the Eurozone Aug unemployment rate fell -0.1 to match the record low of 6.4%, right on expectations.
EURUSD
BUY 1.0459 - 1.0469 🔽🔽 ✔️TP: 1.0500
❌SL: 1.0429
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