EURUSD floating over highs during Forex market
11/3/2017 8:21:22 AM
The Euro is sticking to its daily gains against the dollar in Forex market, taking EURUSD to the key persistence area in the 1.1665/75 band.
At present, the pair is up 0.02% at 1.1663 opposing the next up barrier at 1.1680 connected via 1.1740 and then 1.1841. On the other hand, a break below 1.1577 would aim 1.1450 on the way to 1.1270. Additionally, Technical Confluences Indicator is mentioning an important persistence zone between 1.1688 and 1.1707, where correspond the 15-day EMA, recent highs and pivot point.
FOREX market analysis by FxErvin.