Skip to main content

EUR/USD slipping closer to technical support at 1.0862

Since the last update here on the EUR/USD, noting it has just edged below the 1.09 handle, it did rebound towards 1.0920. However, since then the USD/JPY has rebounded further and right now higher than it was when last reported on here, now lifting above 149.30 and hence closer to the next potential resistance level at 149.53. The impact of that has not been well greeted by the EUR/USD or the GBP/USD. Both are now lower and the EUR/USD has reached a new session low at 1.0883 a moment ago. That means it is one step closer to the next support level, noted again here earlier today. That is at 1.0862 and it is surely a little more prevalent on the radar now that the price is falling back further. The EUR/USD is currently trading at 1.0885
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!