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.
Fundamental Analysis
Written by FxErvin
