EUR USD expands its movement
10/31/2016 8:23:34 AM
After confronting refusal at 4 hourly 200-MA in the Asian opening trades, EUR/USD expands its move lower into early Europe, as the dollar regained balance across the board.
Currently, EUR/USD trades -0.15% lower at 1.0970, twisting near daily lows posted previously at 1.0961. The main currency pair is seen on a minor-corrective mode this Monday, reversing a part of Friday’s rally, caused by heavy broad USD selling after FBI re-opened investigation into Clinton’s email-scam.
In technical view, the pair finds the immediate persistence 1.0990. A break beyond the last, doors will open for a test of 1.1050 and from there to 1.1100. On the other hand, the immediate support is located at 1.0950 below which 1.0920 and 1.0900 could be tested.