EURUSD pair is trading on the cautious
3/13/2018 8:47:23 PM
According to Fx market activities, the single currency is restricted by an offered bias on Tuesday, provoking EURUSD to lessen highs and back to the negative territory around the 1.2332 area.
Looking at the wider picture, the pair stays within an integrative range since February between 1.2157 and 1.2560 and always looking at the risk appetite tendencies as the main drivers for the price action.
At present, the pair is losing 0.10% at 1.2333 with immediate disagreement emerging at 1.2275 seconded by 1.2208 and ultimately 1.2160. On the other hand, a break above 1.2440 would aim 1.2530 on the way to 1.2561.
FOREX market analysis by FxErvin.