EUR USD expands its development
12/2/2016 8:10:55 AM
Continues weakening of the dollar has allowed EUR/USD to expand its weekly advance to the area of 1.0710 the figure.
The pair is progressing for the second successive week up to now, putting more distance from last week’s fresh 2016 low at 1.0517 following the persistence of the offered bias around the dollar.
The pair is now up 0.23% at 1.0680 and a break above 1.0710 would goal 1.0823 en route to 1.0848. On the other hand, the immediate support line up at 1.0642 followed by 1.0577 and then 1.0505.Fundamental Analysis
Written by FxErvin