Euro fully corrected to 1.4045 from yesterday's (Thursday, Jan 24th) close at 1.13056. But still failed to capitalize downtrend of US dollar, as DXY went past the strong support level of 96.00. Euro gained only 0.00989 yesterday.
German IFO Survey for the month of January disappointed expectations, as the key Business Climate component dropped further to 99.1. This and advanced manufacturing PMI, results added negatively in Germany and the euro bloc at whole.
Still 1.14000 mark is turn to be a support or resistance yet to be seen.
This week January 21 ~ 25
Open: 1.13628
High: 1.14179
Low: 1.12893
Close: 1.14045
Swing: +0.00418 (+0.37%)
German IFO Survey for the month of January disappointed expectations, as the key Business Climate component dropped further to 99.1. This and advanced manufacturing PMI, results added negatively in Germany and the euro bloc at whole.
Still 1.14000 mark is turn to be a support or resistance yet to be seen.
This week January 21 ~ 25
Open: 1.13628
High: 1.14179
Low: 1.12893
Close: 1.14045
Swing: +0.00418 (+0.37%)
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| EUR/USD January Weekly Chart 21 ~ 25 |
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