The boundaries of the range narrowed to 1.1290-1.1360
On Monday, December 27, trading in the euro closed with growth. The euro / dollar pair rose 0.08% to 1.1328. After falling to 1.1303, the price recovered to 1.1332. The rise in quotations was facilitated by the rally in the American stock market. The S&P 500 also ran to 4791.18 today, updating its all-time high. The mood has improved despite the rapid spread of the omicron strain.
In the foreign exchange market, trading volumes have been reduced, so the upward movement has not continued.
Scheduled statistics (GMT +3):
New Zealand, Australia, UK, Canada - Boxing Day. Markets are closed.
Trading in Asia is relatively calm. Most of the major currencies are trading slightly higher. Market sentiment remains controversial and liquidity remains low. The economic calendar is blank.
The EUR / USD pair is trading at 1.1323. Horizontal support is at 1.1305, along the trend line - at 1.1316. The boundaries of the local range narrowed to 1.1316 - 1.1340.
Speculators cannot determine the direction of movement in the conditions of an empty economic calendar and thin holiday trades. In the next two days, we should expect the borders to expand to 1.1290-1.1360.
Summary: the euro closed slightly higher on Monday. The rise in quotations was facilitated by the rally in the American stock market. Market sentiment remains controversial and liquidity remains low. In the next two days, we should expect the borders to expand to 1.1290-1.1360.