EUR USD expanding its integrative mode on FOREX market
12/22/2016 4:55:32 PM
In trading market, The EUR/USD pair is expanding its integrative mode in the European session, after reaching to the mid-point of 1.0410 handle.
At present, EUR/USD trades +0.09% higher to 1.0437, heading for a test of daily lows occurred earlier at 1.0420. The recovery in the USD against its major rivals is seen gaining traction in early Europe, using fresh selling pressure on the EUR/USD pair as we head into a data-light European session.
In technical viewpoint, the pair finds the immediate persistence 1.0447. A break beyond the last, doors will open for a test of 1.0478 and from there to 1.0510. On the other hand, the immediate support is located at 1.0385 below which 1.0350 lows and 1.0305 could be tested.
FOREX Fundamental Analysis
Written by FxErvin