EUR USD return to lows area again
2/23/2017 11:11:45 AM
According to Fx market the EUR/USD derived back to the 1.0575 area, although deflating subsequently.
The new presented bias around the dollar has permitted spot to perform rather substantial recoil after temporarily testing daily lows in sub-1.0503 levels on Wednesday.
At the moment the pair is losing 0.031% at 1.0557 and a break of 1.0503 would aim 1.0448 on the way to 1.0343. On the upside, the next persistence aligns at 1.0597 followed by 1.0684 and ultimately 1.0700.
FOREX market analysis by FxErvin.