{"id":105855,"date":"2020-10-15T08:49:36","date_gmt":"2020-10-15T07:49:36","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105855"},"modified":"2020-10-15T12:36:08","modified_gmt":"2020-10-15T11:36:08","slug":"104549-eur-usd-range-bound-action-ahead-as-pandemic-grips-again","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104549-eur-usd-range-bound-action-ahead-as-pandemic-grips-again\/","title":{"rendered":"EUR\/USD Range-Bound Action Ahead As Pandemic Grips Again"},"content":{"rendered":"<ul>\n<li>EUR\/USD range-bound on Wednesday above support level 1.1700.<\/li>\n<li>USD weakness prevented further fall in the pair.<\/li>\n<li>Lockdown worries resurface.<\/li>\n<\/ul>\n<p>EUR\/USD was range-bound yesterday as the lack of progress in the US fiscal stimulus discussions and the setbacks in the coronavirus vaccine trials pushed and pulled the traders into bullish and bearish camps alternatively.<\/p>\n<p>The US political uncertainty added to the US dollar bearishness along with the slow progress in the stimulus talks. But, concerns about the pandemic revival and the fading possibility of developing a vaccine against the coronavirus on an immediate basis helped the greenback bulls against the euro.<\/p>\n<p>The Eurozone Industrial Production showed an MoM increase by 0.7 Percent in August, lower than what was expected by the traders. The US Producer Price Index moved up by 0.4 Percent MoM in September, an uptick from the 0.3 Percent increase in the earlier month. The PPI on a yearly basis rose by 0.4 Percent compared to -0.2 Percent earlier and beat the market expectations of 0.2 Percent. The numbers from the US and Europe hardly provided an impetus for the EUR\/USD, and the trading action resulted in a daily indecisive Doji candlestick pattern.<\/p>\n<p>Today, during the Asian session, the pair continued the sideways action. EUR\/USD trading will depend on the US dollar price dynamics as the day ahead awaits a light economic docket in the Eurozone. In comparison, the US session will witness data flow of regional manufacturing indices and the initial weekly jobless numbers.<\/p>\n<p>However, any meaningful action might be curtailed by the fears of lockdown due to the resurgent coronavirus.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000061;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#071894;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">USD Index Today - last 180 days<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/10\/a61c595c9cdffcc801c526be9c77d446.png\" alt=\"\" width=\"800\" height=\"348\" class=\"aligncenter size-full wp-image-105869\" \/><\/p>\n<div style=\"font-size: 75%; line-height: 1.5;\"><div class=\"su-expand su-expand-collapsed su-expand-link-style-default no-margin\" data-height=\"0\"><div class=\"su-expand-content su-u-trim\" style=\"color:#333333;max-height:0px;overflow:hidden\">Currency Index charts show the <strong>strength of a single currency<\/strong> based on a basket of foreign currencies. This is done using a weighted mean (an average) of the 5 largest routes from that source currency and their daily FX rates. You can explore <a style=\"color:#0088FF\" href=\"\/exchange-rate\/\">live exchange rates here<\/a>.<\/div><div class=\"su-expand-link su-expand-link-more\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">What does this show? <\/span><\/a><\/div><div class=\"su-expand-link su-expand-link-less\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">Show less<\/span><\/a><\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD range-bound on Wednesday above support level 1.1700. USD weakness prevented further fall in the pair. Lockdown worries resurface. EUR\/USD was range-bound yesterday as the lack of progress in the US fiscal stimulus discussions and the setbacks in the coronavirus vaccine trials pushed and pulled the traders into bullish and bearish camps alternatively. The US [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":3560,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[2139,2412,2374,1397],"class_list":{"0":"post-105855","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-coronavirus","10":"tag-eur-usd","11":"tag-lockdown","12":"tag-us-dollar"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD Range-Bound Action Ahead As Pandemic Grips Again - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104549-eur-usd-range-bound-action-ahead-as-pandemic-grips-again\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104549-eur-usd-range-bound-action-ahead-as-pandemic-grips-again\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104549-eur-usd-range-bound-action-ahead-as-pandemic-grips-again\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"EUR\\\/USD Range-Bound Action Ahead As Pandemic Grips Again\",\"datePublished\":\"2020-10-15T07:49:36+00:00\",\"dateModified\":\"2020-10-15T11:36:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104549-eur-usd-range-bound-action-ahead-as-pandemic-grips-again\\\/\"},\"wordCount\":329,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104549-eur-usd-range-bound-action-ahead-as-pandemic-grips-again\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100019-usd-eur-comey-firing-macron.jpg\",\"keywords\":[\"coronavirus\",\"eur\\\/usd\",\"lockdown\",\"us dollar\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104549-eur-usd-range-bound-action-ahead-as-pandemic-grips-again\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104549-eur-usd-range-bound-action-ahead-as-pandemic-grips-again\\\/\",\"name\":\"EUR\\\/USD Range-Bound Action Ahead As Pandemic Grips Again - 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