The dollar remained solid against most other currencies after strengthening during yesterday’s session thanks to solid macroeconomic data coming from the United States, including rising retail sales, falling unemployment claims and Philadelphian Fed index that surprised market expectations.
Euro prices could be affected by the publication of the final inflation reading in the Eurozone in December at 11.00 am.
Technically, the Euro against the US currency is in a strengthening phase with resistance area seen at 1.115, while the most immediate support is seen at 1.112. At the operational level, a continuation of the bull session is expected with resistance seen at 1.118.
Analyzing the level of risk of the currency, daily volatility assumes a value of 0.2874%, compared with a weekly performance value of + 0.28%