EUR / USD: The Euro Dollar remains firm and keeps its Friday earnings, but traders might hesitate to test 1.13 before the ECB meeting :


The EUR / USD closed last Friday close to its weekly highs, at 1.1280 on the forex, after a new session of rise mainly motivated by a decline of the Dollar, itself penalized by a disappointing NFP report.

Indeed, while the ADP report far above Thursday's expectations gave hope for a NFP report that was also better than the forecast, the reverse turned out to be true, with 138k job creation for the month of May , Against 185k anticipated.

Faced with this negative surprise, the Dollar therefore declined, driving EUR / USD in a new wave of rise, which resulted in highs on 1.1285 shortly before the weekly close of the market.

This week, it is mainly the meeting of the ECB Thursday that will be expected in the economic calendar, and based on the latest rumors, there is a risk for the Central Bank displays a turning hawkish in his speech , Which would likely help the EUR / USD pair to keep up.

From a graphic point of view, it should be noted that the surge last Friday was not sufficient to conduct a test of the psychological threshold of 1.13. In the short term, the 1.1280-1.13 zone is therefore the first credible resistance.

On the downside, short-term support is at 1.1265-70, before 1.1250, 1.1225, 1.12, 1.1160 and 1.1100-10.

Currently, the EUR / USD is trading around 1,1270 on Forex before the start of the European session.
0