EUR USD Raising back again
11/17/2016 10:42:56 AM
The EUR keeps the bid tone unbroken against USD in the early European morning, now raising EUR/USD back to 1.0705 handle.
Currently, EUR/USD now trades +0.09% higher at 1.0700, reversing a brief dip to 1.0690 region. The main currency pair held up its recovery from yearly troughs at 1.0715, and retraced limited gains among a minor-recovery seen in both USD and treasury yields.
The dollar is seen merging the vertical growth against its major peers near more-than a decade highs, allowing a brief recovery stint in the EUR/USD pair from the lowest levels since last Dec.
In technical view, the pair finds the immediate persistence 1.0735. A break beyond the last, doors will open for a test of 1.0805 and from there to 1.0845. On the other hand, the immediate support is located at 1.0680 below which 1.0645 and 1.0610 could be tested.
Fundamental Analysis
by FxErvin
