EUR USD floating over session lows on FOREX market
1/9/2017 10:48:55 AM
The EUR/USD pair overdrawn higher from its overnight merging level in early Asia, before getting fresh offers near 1.0545 to now expand the slip towards 1.0505 handle.
Now, the spot now fell -0.11% to 1.0520, floating within a significant distance of session lows hit at 1.0515 some minutes ago. The main currency pair held up its slight-recovery mode and came under heavy pressure over the last hours.
In technical viewpoint, the pair finds the immediate persistence 1.0560. A break beyond the last, doors will open for a test of 1.0605 and from there to 1.0655. On the other hand, the immediate support is located at 1.0510 below which 1.0444 and 1.0370 could be tested.
FOREX Fundamental Analysis.
Written by FxErvin