In commodities markets, crude oil continues to a five-month excessive at 65.91 boosted by the US further sanctions on Iran. Traders are intently watching the news around oil as US announced that every one importers of Iranian crude will have to finish their purchases shortly or be able to face US sanctions, in accordance with Washington Post. The Euro (EUR) slid down towards the US Dollar (USD) on Monday, this precipitated a lower in the worth of EURUSD, bringing it to lower than 1.1300. The value of the pair increased after main financial information released. EURO stays in unfavorable temper following recent poor figures in Eurozone. The technical bias may stay bearish as long as 1.6008, the major horizontal resistance degree remains intact. Considering the worth motion of the pair over the last few days, it’s anticipated that the technical bias could flip bullish because the pair’s value marked a lower excessive in the current downside move.
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