EUR USD floating over a uniting area
9/13/2016 7:17:03 AM
The single currency is trading on a unit fashion ahead of the opening bell in Euro land on Tuesday, taking EUR/USD to the 1.1225/30 band up to now.
Tepid start of the week for the pair up to now, as carefulness appears to prevail amidst traders regarding the potential next move by the Federal Reserve regarding a rate hike in a couple of weeks or in the next months.
The pair is now losing 0.02% at 1.1230 and a break below 1.1200 would target 1.1145 en route to 1.1043. On the other hand, the next persistence line up at 1.1300 followed by 1.1330 and ultimately 1.1365.