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.
Written by FxErvin