Trading Insights

EUR/USD

Euro Weakness Persists on Maduro Fallout, Yields Drop Ahead of Labor Data

Euro fell sharply following US’s capture of Maduro. Tons of US data this week with jobs data being most crucial. Euro’s depreciation followed by drop in yields, compounded by flow of money into USD. Yields probably dropping in anticipation of weak labor statistics today.

Key Levels: Support at 1.15086 | Resistance at 1.18328

Investor Takeaway: RSI at ~47 trending down; MACD showing emerging buying pressures—yield drop ahead of labor data suggests market pricing weak employment numbers.

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