EUR USD Trading News during last day
3/15/2017 9:15:18 AM
According the Forex market, the bulls protected 1.0603 handle and provoked a mild rebound in the EUR/USD this Wednesday, with the spot now merging the Asian recovery as we develop towards the European opening bells.
EURUSD’s reduction from 1.0716 expanded to as low as 1.0603. A clear break below the channel support will approve that the downward tendency from 1.0832 has continued, then next target would be at 1.0398 area. On the upside, from the time the pair remains in the channel, the reduction from 1.0717 would probably be correction of the uptrend from 1.0503, one more growth to 1.0755 area to complete the upward movement is still possible.
FOREX market analysis by FxErvin.