EUR USD growth
7/1/2016 10:21:05 AM
The EUR gained momentum and pushed the pair toward 1.0900. It touched a fresh 3-day high at 1.0908 and it was holding near the highs, with bullish momentum intact. If it merges above 1.0905 the next stability levels might be seen 1.0945/50, 1.0990 and 1.1040. On the other side support now might be seen at 1.0875 and 1.0795. The USD weakened versus USD during the earlier hour. EUR/USD rise to the advantage, after trading in a range between 1.0875 and 1.0825. The EUR increased against the USD during the last hour and also move up to test daily highs against the GBP as stocks in Wall Street recommenced the weakening. The Dow Jones was losing 2.10% and the Nasdaq was falling 2.80%. As for technical stages, if EUR/USD breaks above the 1.0874/76 area, next stabilities are seen at 1.0905 and 1.0990. In contrast, immediate supports could be found at 1.0820, 1.0770 and 1.0710.