EUR is declining on the Forex market versus USD
3/1/2017 10:07:13 AM
The growing bid tone around the dollar has provoked EUR/USD to unrestraint the area of recent highs and withdrawal towards the current 1.0554 band, or daily lows.
The pair is now losing ground for the 2nd following session, coming down to test multi-day lows in the mid-1.0503s amongst solid recoil in the request for the USD.
At present the pair is losing 0.19% at 1.0556 and a break of 1.0488 would aim 1.0452 on the way to 1.0343. On the other hand, the next hurdle aligns at 1.0633 followed by 1.0628.
FOREX market analysis by FxErvin.