Daily economic digest from Forex.ee
Stay informed of the key economic events
Monday, August 29th
EUR/USD
Current price: 1.1185 (-0.1%)
Session range: Open 1.1178 High 1.1209 Low 1.1172
Latest trend: Bearish
Expected trend: Bullish
Daily volatility: Moderate
Support and resistance levels: S. 1.1077 R. 1.1397
Main drivers: US Core PCE Price Index, US Personal Spending
Overview: The Euro is trying to fight back part of its positions against its American counterpart this morning testing the level of 1.1200 after major slide down to 1.1179 spot. However, the markets are still digesting Friday’s hawkish J.Yellen’s speech thereby fueling dollar bulls and leaving the pair under pressure. Moreover, today UK markets are closed due to Bank Holiday taking away part of volatility across the market.
Click here to see all current market developments.
The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!
Your European ECN-broker,
Forex.ee