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EUR/USD four-hour chart, source:FXDD.com |
cf. [EUR] Ahead of the Release of FOMC Meeting Minutes 2021 0818
cf. [EUR] Rebounding EURO II 2021 0804
Gjallarhorn keeps the long position of EUR at the CME. The positions are under the loss.
One of the major currency pair EUR/USD reached the downward trend line and resistance line in the four-hour chart. The pair attempts to exceed the line and the 120 exponential moving average. If the attempt succeeds, the traders may expect the trend change to bullish trend of the euro.
The falling euro was supported on 1.1650s last week. The traders need to watch the euro rebound from 1.1650s or it sinks under the 1.1650s.
The Dollar Index tracking the greenback against a basket of major six currencies edged high 0.08% to 92.903 as of 03:00(GMT).
But the risk-on sentiment raised the risky asset. The yield of the US 10-y Treasury Note rose to 1.30 percent band. The expectation of postponing tapering because of the delta-variation proliferationraised the yield, news medias reported.
The news of FDA's approval about Pfizer made the investors' risk-on.
Market participants await the speech of Fed Chair Jerome Powell at Jackson Hole symposium for clues on an asset tapering timeline. It's reported, the investors thought Jerome Powell would not support the explicit signal of the tapering.
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