EURUSD Trading in a slim range during Forex market
10/30/2017 8:18:16 AM
The single currency is trading in slim range at the start of the week, with EURUSD handling to regain the 1.1605 handle.
Dip-buyers seem to have arisen around the 1.1577/65 band, halting the post-ECB bleeding in spot and allowing the ongoing recoil.
Currently, the pair is up 0.05% at 1.1613 facing the next up barrier at 1.1681 seconded by 1.1740 and then 1.1833. On the other hand, a breakdown of 1.1577 would open the door to 1.1450 and ultimately 1.1243.
FOREX market analysis by FxErvin.