EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Forex News

EUR/USD bounces higher from 2021 lows

Admin by Admin
November 12, 2021
in Forex News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

The EUR/USD has recovered more than 25 pips after the disappointing result of the consumer confidence of the University of Michigan. The pair, which had hit new 2021 lows at 1.1432 just before the release, has risen to daily highs at 1.1462 after the data. At the time of writing it is trading above 1.1452, gaining 0.05% on the day.

Michigan consumer sentiment falls to 66.8 in November, its lowest level since 2011

The University of Michigan consumer sentiment index has fallen to 66.8 points in November’s preliminary reading, falling below the 72.4 expected by the market. In October, the indicator obtained 71.7 points. This is the worst reading recorded in ten years, specifically since November 2011.

The Present Conditions Index fell to 73.2 from 77.7 and the Consumer Expectations Index fell to 62.8 from 70.5.

The dollar gives ground since highs of 2021

The dollar has fallen about 25 pips as measured by its DXY index. After reaching highs of the year early Friday at 95.26, the greenback has fallen to 94.99, the low of the day, and is now moving around 95.05 / 10.

The US stock markets recorded gains, with the Dow Jones up 0.06%, the S & P 500 gaining 0.13% and the Nasdaq advancing 0.22%. In Europe, the German DAX has erased its losses and will close a positive 0.07%, while the Eurostoxx 50 rises 0.17%.

The pair’s traders have a few hours before the close of the American session to digest the result of the data. Earlier, John C. Williams, president of the New York Fed, will make a statement.

EUR/USD Levels

In case of further declines, the pair will find initial support at 1.1422 (June 2020 high). Below the psychological zone of 1.1400 expect 1.1370, the floor of July 17, 2020.

To the upside, the initial barrier is at 1.1500. To regain the upward momentum, it would be necessary to regain the 1.1600 area and target the resistances located between 1.1610/15, where the highs of early November are.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: ForexPips
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Bitcoins (BTC) to be shared with the residents of Miami

Next Post

Top crypto platforms to purchase cryptocurrencies

Admin

Admin

Next Post
Top crypto platforms

Top crypto platforms to purchase cryptocurrencies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023
UK Treasury Publishes Crypto Framework Paper

UK Treasury Publishes Crypto Framework Paper

February 1, 2023

Recent News

What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023
UK Treasury Publishes Crypto Framework Paper

UK Treasury Publishes Crypto Framework Paper

February 1, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>