EUR USD Trading News in Forex market 4
7/13/2017 8:58:31 AM
After a short level of merging around 1.1418 area in the overnight trades, the EUR/USD pair broke to the upside in an effort to reclaim 1.1453 barrier among renewed USD decline.
If the EUR stays heavy, the first support now stand nearby, at the 8 July/9 July/10 July lows of 1.1373, below which could then run towards 1.1347/55 and then to 1.1307/13. On the topside, the first persistence will be seen at 1.1444 (minor) and again at 1.1483/88 ahead of 1.1515. Above here, though unlikely today, only minor hurdles exist to stop the Euro from heading to the May 2016 high of 1.1618.
FOREX market analysis by FxErvin.