EURUSD Trying to stay on high in Forex market
1/31/2018 6:25:43 AM
The request for the European currency continued its positive momentum after EURUSD temporarily tested lows in the 1.2377 area on Tuesday, handling to reclaim the 1.2403 handle and improve to current daily peaks in the 1.2440/47 band.
At present, the pair is gaining 0.30% at 1.2440 and a breakout of 1.2503 would aim 1.2541 on the way to 1.2570. On the other hand, the next support line up at 1.2350 followed by 1.2341 and ultimately 1.2210.
FOREX market analysis by FxErvin.