EUR USD wait for fresh motivation
1/12/2017 2:34:00 PM
According to market trading the EUR/USD pair retreated a short-term dip below 1.0615 handle and now flirts with daily tops.
At present, the spot trades +0.26% higher near fresh session highs of 1.0620, having posted a day’s low at 1.0575. The main currency pair is seen breaking higher from a short-term merging level seen during the late-Asian trades, as the USD comes under fresh selling pressure versus its main competitors.
In technical viewpoint, the pair finds the immediate persistence 1.0657. A break beyond the last, doors will open for a test of 1.0675 and from there to 1.0715. On the other hand, the immediate support is located at 1.0577 below which 1.0530 and 1.0507 could be tested.
FOREX Fundamental Analysis
Written by FxErvin