EUR USD stuck in daily lows in Forex market
6/7/2017 2:36:28 PM
The EUR spreads its decline versus the dollar in the European morning, keeping the EUR/USD pair within a remarkable distance of daily lows hit at 1.1257 last hour.
EUR/USD anticipated to struggle at 1.1307: The EUR stays mighty of retesting the 1.1307 November 2016 high, though we doubtful that this may hold the initial test as we note the large discrepancy of the daily RSI, which reflects a loss of upside momentum. It will remain bid while above the near term uptrend at 1.1091. First support is the speeded up uptrend at 1.1241.
FOREX market analysis by FxErvin.