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| EUR/USD four-hour chart, source:FXDD.com |
cf. [EUR] Rebounding EURO 2021 0728
Gjallarhorn keeps the long position of EUR at the CME. The positions are under the loss.
The rising EUR/USD retreated. The pair rose along the upper band of Bollinger Bands fell to the bottom band in three hours in the one-hour chart. But it sidles around the upper band in the daily chart.
It rebounds from the bottom band after the correction in the four-hour chart. It fluctuates around 20 Moving Average in the chart, and it is expected to reach the upper band or 1.1895 in the four-hour chart.
The Dollar Index tracking the greenback against the currency basket of six major currencies fell 0.01 percent to 92.052.
The US Treasury yields is stable after flowing downward. The market participants think it shows the recovery of US economy has passed the peak and the greenback gained.
The proliferation of the delta variation still makes the investors concern, and the dollar rebounded again. The spread of COVID-19's delta variation in US raised the infection cases as that in last February. The blockade in US has less possibility and it controls the market's panic.
And the US Non-Farm Payrolls is released at 12:30(GMT), Friday. The markets expect some 870-thousand increase and 850 thousands in previous release. It is one of the powerful event, the traders need to deal more carefully.
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