News


EUR/USD falls to a low of 1.1662 on the day

The pair breaks below Wednesday’s low and is posting fresh year lows at the moment, trading under 1.1670. The dollar is catching a bid as we head into US trading with cable also marked lower trading to lows of 1.3323.

Meanwhile, USD/CAD touches a high of 1.2957 while USD/CHF also touches a high of 0.9935 on the day. The dollar index is now trading back above the 94.00 level pushing to session highs.

After seemingly giving up its position at the top of the leader board, the greenback is back again and with the break here it could mark further pain in EUR/USD to come over the next few sessions.

The next minor support in the pair comes from the August low @ 1.1662, and if that breaks it opens a move towards the November low of 1.1554 and the 1.1500 handle.

——



Source link

Articles You May Like

What major currencies were the strongest and weakest this week?
There might be a case to extend forward guidance beyond timing of lift off
The US major indices close with mixed results. Up on the week.
European stocks end the session mixed in an up and down session
My SIMPLE and PROFITABLE Forex Scalping Strategy EXPLAINED

Leave a Reply

Your email address will not be published. Required fields are marked *