EUR Revives lows versus USD in Forex market
9/7/2017 2:21:45 PM
The EUR/USD pair broke its integrative mode to the weakness, now heading for a test of NY lows struck at 1.1911.
In the Asian trades, the major traded unstable but in a thin below 1.1931 levels, processing the latest headlines on North Korea and among improved tension ahead of the key ECB policy event.
EUR/USD is side lined to bid above the upward tendency but we unsure it will fight to regain the 1.2006 level and our courtesy is on the trend line support at 1.1871. We unsure that the market may have topped near term, but this will only be definite on a close below the uptrend. The new high has also been attended by a deviation of the daily RSI. Below the 3 month uptrend lies the 5 month uptrend at 1.1733.
FOREX market analysis by FxErvin.