EUR USD stuck in a narrow range during Forex market activities
4/19/2017 10:10:24 AM
The request for the single currency has lost some momentum on Wednesday, with EUR/USD retreating from yesterday’s tops near 1.0743 and trading nearer to 1.0718.
The selling bias around the dollar has lessened slightly today, causing spot to fade part of Tuesday’s strong rally though it still manages well to keep the trade above the recently reclaimed 1.0705 handle.
At the moment the pair is losing 0.051% at 1.0731 and a break below 1.06992 would board 1.0658 on the way to 1.0637. On the upside, the first persistence is placed at 1.0740 followed by 1.0843 and ultimately 1.0907.