EUR USD Unable to stand out above the handle
2/1/2017 10:37:51 AM
Euro Unable to stand out versus US dollar above 1.0795 handle once more, the EUR/USD pair expands its side-ways movement below the last, as we improve towards the European opening bells.
At present, the spot now trades -0.13% at fresh session lows of 1.0778, having posted a day’s high at 1.0803. The main currency pair is limited within a slight range, and now moves somewhat away from fresh 7 weeks highs got yesterday at 1.0810.
In technical viewpoint, the pair finds the immediate persistence 1.0810. A break beyond the last, doors will open for a test of 1.0847 and from there to 1.0877. On the other hand, the immediate support is located at 1.0766 below which 1.0737 and 1.0717 could be tested.
FOREX market analysis by FxErvin.