EURUSD Moving to daily low
4/25/2018 6:21:41 PM
During forex market activities, the now better tone around the dollar is now pushing EURUSD to retreat to the area of daily lows and re-visit the critical 1.2205 locality.
Following yesterday’s recovery, the pair has now restarted the weakness after dropping to expand the recent bullish effort beyond the 1.2244 area on Tuesday.
Currently, the pair is losing 0.16% at 1.2210 facing immediate disagreement at 1.2187 seconded by 1.2158 and ultimately 1.2148. On the upside, a break above 1.2238 would aim 1.2310 on the way to 1.2417.
FOREX market analysis by FxErvin.