EURUSD Improved from several week lows in Forex market
10/3/2017 2:30:08 PM
The EURUSD pair retreated an early dip to sub-1.1705 level and has now improved around 37-pips from 6-week lows touched today.
Immediate persistence is fixed near 1.1743 level, above which a bout of short-covering could boost the pair towards 1.1787 horizontal persistence ahead of the 1.1810 round figure mark.
On the other hand, a strong follow through selling pressure below the 1.1705 handle has the possible to keep on dragging the pair towards 1.1675-65 intermediate support on the way 1.1615-05 area.
FOREX market analysis by FxErvin.