EUR USD removes losses
12/1/2015 10:00:13 AM
EUR/USD increased during the last hours and recently united to 1.0876, getting to the highest level since the European session. The EUR growth as stocks hit fresh lows and whereas the WTI barrel reached momentarily levels under $30. As crude oil and stocks recoil from the lows, the EUR loses momentum. Presently, the pair trades at 1.0855/60, around the same level it closed yesterday and in the middle point between today’s high and low. EUR/USD pair has been merging between Fibonacci levels ever since the latest ECB's meeting. The pair drop to the 61.8% retracement of the December rally during the past week, but recoiled back, with selling interest containing rallies around the 23.6% retracement of the same rally.