EUR USD Forex market Trading News
6/26/2017 10:48:00 AM
According to the Forex market, the single currency has submitted part of Friday’s gains against the dollar, now sending EUR/USD to the area of 1.1192 ahead of the release of the German IFO.
Spot has begun the week on a negative fashion up to now today amongst some tepid recovery in the request for the dollar, while the USD Index stays close to the critical 97.07handle.
Meanwhile, the pair is expanding its marginal theme prevailing since late May between 1.1105 and 1.1300, though the low-1.1211s has been quite a tough barrier for EUR-bulls as of late.
Currently, the pair is losing 0.021% at 1.1195 facing the next up barrier at 1.1206 seconded by 1.1298 and ultimately 1.1307. On the other hand, a breakdown of 1.1133 would aim 1.1110 on the way to 1.1077.
FOREX market analysis by FxErvin.