Bloomberg with the headline, citing OPEC on the matter
Just a heads up to the meeting later this week, in case we hear of how the compliance issue is going or any possible plans for future production cuts and what not.
The latest reports are suggesting that OPEC+ sees ~95% compliance to its production cuts in July and I reckon that is somewhat of a satisfactory figure, so there shouldn't be too much complaints despite that being down from ~107% in June.
Further Development
Analyzing the current trading chart of EUR, I found that EUR reached our Friday's first upward target at 1,1865 and that is heading for the second target at 1,1910.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Ethanol and Silver and on the bottom VIX and Coffee
EUR is sligthly in the positive territory and is waiting for the next direction movement.
Key Levels:
Resistance: 1,1910
Support level: 1,1826
