EUR USD trades just about unmoved
12/7/2016 1:21:54 PM
The EUR/USD pair expands its Asian side-trend into early European trading, as the bulls keep on their bout to reclaim control among rising USD demand across the board.
Currently, EUR/USD now trades just about unmoved at 1.0716, having posted a day’s high at 1.0725 and day’s low at 1.0714. The main currency pair is seen merging yesterday’s drop, trading completely flat-lined in an extremely slim, as the EUR enters a typical quiet level ahead of the ECB monetary policy decision due tomorrow.
In technical viewpoint, the pair finds the immediate persistence 1.0795. A break beyond the last, doors will open for a test of 1.0820 and from there to 1.0855. On the other hand, the immediate support is located at 1.0710 below which 1.0695 and 1.0640 could be tested.
Written by FxErvin