Home business The Euro shows a rally at the bottom of the Dollar, thresholds...

The Euro shows a rally at the bottom of the Dollar, thresholds to look at Investing.com

© Reuters. EUR / USD is suddenly improving for no apparent reason

Investing.com – The pair is gaining momentum this Monday afternoon, against a background of the dollar correction, peaking at 1.1273 for the moment, at 1.1225 at the start of the European session.

Once it is not common, small information seems to justify this movement, if not a generalized weakness of the Dollar, which also benefits greatly, and outweighs.

From a technical point of view, however, there was bullish acceleration when the EUR / USD managed to emerge from the top of the triangle that has been leading its evolution since the middle of last week, and a new acceleration when the pair managed to break the 1.1250 resistance , which has blocked several attempts to rise since the beginning of the month.

In the short term, the following obstacles in the event of a continuation of the increase are 1.1285 and 1.13. The disadvantage is that 1.1250 support is the first threshold to be viewed.

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