EUR USD moves to positive territory
12/12/2016 9:50:26 AM
The improvement in the EUR/USD lost legs just shy of 1.0565, with the bulls now trying hard to preserve the bids as we develop towards the European opening bells.
Currently, EUR/USD turns positive near 1.0560. The main currency pair stopped its recent losing line and jumped back on the bids among an expanded level of bullish merging seen in the dollar across the board, after last week’s rally in light of monetary policy discrepancy tilting in favor of the Fed and the buck.
In technical viewpoint, the pair finds the immediate persistence 1.0610. A break beyond the last, doors will open for a test of 1.0620 and from there to 1.0640. On the other hand, the immediate support is located at 1.0526 below which 1.0505 and 1.0455 could be tested.
Written by FxErvin