The Euro (EUR) enters Thursday's session that has not changed from near Wednesday, finding moderate support following a short -lived sinking below 1.1300, chief strategic FX strategic Shaun Osborne Tala.
EUR/USD trend remains bullish
“The Euro area data calendar is empty and most major European countries are closed for the Labor Day, which should allow EUR to trade on the wider market themes before the initial release of the CPI on Friday.
“The EUR/USD trend remains bullish despite the last few weeks of integration -included around 1.14. The RSI is bullish but the verse below 60 and indication of the loss of momentum. The congestion level of 1.1350 offers support below 1.1300 and resistance above 1.1500.”
