EUR USD somewhat far from 3 week growth
11/3/2016 8:57:16 AM
The bid tone around the EUR declined a bit towards the late-Asian trades, now sending EUR/USD somewhat away from a new 3 week top reached over the last hours.
Currently, EUR/USD trades +0.17% higher at 1.1115, having once again found strong offers near 1.1125 region. The main currency pair is seen merging in a tight range near 3 month highs, as persevering risk-averse conditions keep on to reinforce the low-yielding/ less risky currency EUR.
In technical viewpoint, the pair finds the immediate persistence 1.1130. A break beyond the last, doors will open for a test of 1.1167 and from there to 1.1195. On the other hand, the immediate support is located at 1.1090 below which 1.1045 and 1.1000 could be tested.