EUR USD Started the week on weaker tone
8/21/2017 1:05:10 PM
The EUR/USD pair started the week on a weaker footing, and now stays better offered near the mid-point of 1.1703 handle among continues demand for the USD through the board.
The downward tendency line off the recent high comes in a little below 1.1807 at the start of the new week. The low for the move is near 1.1666 and was seen after the record of the ECB meeting expressed worry about the "possible" euro "overshoot" in the "future." However, the EUR did not close below 1.1683, the 38.1% retracement of the leg up in the EUR that began in early July.
FOREX market analysis by FxErvin.