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Business / Finance

Dollar steady against European currencies, but stronger against the yen

MQL5: Blogs Traders 20.03.2019 at 10:50

Blogs traders and analyst of financial markets

EUR/USD

EUR/USD yesterday continued rising, reaching the highest level in the last two weeks on 1.13602. In Germany, data showed that the mood among German investors has improved in March, much more than expected, because of the potential delay of leaving Britain out of the European Union supported the mood.

Research ZEW Institute showed that economic sentiment among investors increased to -3.6 with -13,4 in February. Economists had expected the increase to -11,0. Stronger-than-expected ZEW data has denied recent weak data on the German economy. This morning the Euro is trading in a narrow range around 1.1350, as market participants expect the publication of the announcement of the fed on monetary policy.

On the highs of two days has formed a new ascending channel. Now the price is moving horizontally to the lower border of the channel.