Bearish momentum continues to increase selling pressure on the pair with a critical support level at 1.1020 in sight, chief analyst at FXStreet’s Valeria Bednarik apprises. Key quotes “EUR/USD is under selling pressure this Tuesday, as the greenback retains its strength, appreciating against most major rivals. The market mood improved on Monday, following the release of the US ISM Manufacturing PMI leading to gains in Wall Street.” “The EU released Industrial Producer Prices for December, which remained stable monthly basis, and unchanged at -0.7% YoY. After Wall Street’s opening, the US will release the January ISM-NY Business Conditions Index, previously at 39.1, and December Factory Orders, seen up by 1.2%, following a -0.7% reading in November.” “The pair is trading at around 1.1050, not far from a daily low of 1.1042. (…) Chances of a steeper decline will increase on a break below 1.1020, while gains beyond 1.1100 seem quite unlikely at the time being.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI firmer, retakes $51.00 and above ahead of API FX Street 2 years Bearish momentum continues to increase selling pressure on the pair with a critical support level at 1.1020 in sight, chief analyst at FXStreet’s Valeria Bednarik apprises. Key quotes “EUR/USD is under selling pressure this Tuesday, as the greenback retains its strength, appreciating against most major rivals. The market mood improved on Monday, following the release of the US ISM Manufacturing PMI leading to gains in Wall Street.” “The EU released Industrial Producer Prices for December, which remained stable monthly basis, and unchanged at -0.7% YoY. After Wall Street’s opening, the US will release the January ISM-NY Business Conditions Index, previously… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
