EUR USD trying to boost
11/29/2016 8:27:30 AM
The EUR/USD pair is seen making slight recovery efforts above 1.0605 handle, aiming for a retest of daily highs of 1.0620 among increasing risk-off moods.
Currently, EUR/USD trades moderately flat at 1.0610, expanding recovery from 1.0590, session lows. A fresh selling-wave saw in oil prices caused a renewed session of risk-aversion across the financial markets, which improves the funding currency status of the EUR.
In technical view, the pair finds the immediate persistence 1.0620. A break beyond the last, open the way for a test of 1.0680 and from there to 1.0700 on the other hand, the immediate support is located at 1.0560 below which 1.0537 and 1.0510 could be tested.
Fundamental Analysis
Written by FxErvin
