EUR withdrawals from highs versus USD
9/13/2017 10:14:54 AM
The single currency in Forex market is now getting rid of part of its first gains, inspiring EUR/USD to abandon the area of daily highs and return to the 1.1983/77 band ahead of the opening bell in Europe.
Spot briefly exceeded the 1.1988 level during early trade, though sellers now appear to be gathered in the 1.2003 area, capping initial bullish efforts.
Currently, the pair is gaining 0.10% at 1.1981 and a break above 1.2045 would aim 1.2093 on the way to 1.2166. On the downside, the immediate support aligns around 1.1943 seconded by 1.1894 and then 1.1823.
FOREX market analysis by FxErvin.