EUR/USD ran bearish to 1.1133 and expected to remain bearish until hitting resistance level around 1.1092.
EUR/USD ran bearish to 1.1133 and expected to remain bearish until hitting resistance level around 1.1092.
Greenback spotted lanslide gains of 0.1% against a basket of other major currencies over fluctuating speculations of FED's rate hike by the end of this year.
The weaker-than-expected U.S. productivity data weighed on the dollar broadly. The market usually does not give the data much heed, but it drew attention as it marked the third straight quarter of decline, said Shin Kadota, chief Japan FX strategist at Barclays in Tokyo. US Department of Labor stated in last Tuesday that productivity (measuring output per hour per individual) declined by 0.5% (YoY) in April-June, extending it's lowest decline since 1979.
Technical Analysis
Consider looking at this graphic to aid your trading decision this day, this graphic is in h4 resolution with Elliot Wave theory to read the upcoming pattern.