EUR USD tying to maintain above the handle
2/15/2017 11:26:20 AM
According to Forex market The EUR/USD is perceived attempting tough to maintain the recovery to 1.0567 levels, and now progressing near 1.0605 handle in early Europe.
Currently, the spot now got at 1.0577, testing session highs posted previously at 1.0590, where the daily pivot persistence intersects. The main currency pair is on a firm recovery path among a level of upside merging level in the dollar against its main competitors.
In technical viewpoint, the pair finds the immediate persistence 1.0610. A break beyond the last, doors will open for a test of 1.0663 and from there to 1.0678. On the other hand, the immediate support is located at 1.0560 below which 1.0523 and 1.0505 could be tested.
FOREX market analysis by FxErvin.