EUR USD expands its movement
10/31/2016 8:23:34 AM
After confronting refusal at 4 hourly 200-MA in the Asian opening trades, EUR/USD expands its move lower into early Europe, as the dollar regained balance across the board.
Currently, EUR/USD trades -0.15% lower at 1.0970, twisting near daily lows posted previously at 1.0961. The main currency pair is seen on a minor-corrective mode this Monday, reversing a part of Friday’s rally, caused by heavy broad USD selling after FBI re-opened investigation into Clinton’s email-scam.
In technical view, the pair finds the immediate persistence 1.0990. A break beyond the last, doors will open for a test of 1.1050 and from there to 1.1100. On the other hand, the immediate support is located at 1.0950 below which 1.0920 and 1.0900 could be tested.
Fundamental Analysis
by FxErvin
