EUR/USD Currency Pair is strengthening

EUR/USD EURUSD Currency Pair is strengtheningAfter ascending to the 1.1250 mark, the EUR/USD currency pair dropped to 1.1100. However, it recently strengthened to hit the 1.1265 mark, despite the U.S Jobless predicted effects. This may partly be attributed to the increased bond yields in Germany. Throughout the Asian session, this pair remained high and traded with low volatility. With many European markets closing today for the Labor Day, the Support for the pair is expected to be 1.0960 and the resistance to be 1.1270. GBP/USD Since Thursday, this currency pair has been weakening, having lost 200 pips to date. This fall may be attributed to the seven days bullish movement. Additionally, the uncertainty brought about by the future elections are also expected to impact negatively on the currency pair. The support for this pair is expected to be 1.5300 and the resistance to be 1.5500.

Recommended Brokers:

 Min. InvestMin. DepositMax. Returns   
Optionrobot
$1
$200
91%
Gold
Review
iqoption
$1
$10
92%
SilverReview
BinaryRobot365
$1
$100
90%
BronzeReview
All brokers >>
John Miller
Follow us

John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
Follow us

John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.