Skip to main content

EUR/USD slips below 1.04

The downward drift in the EUR/USD since the last update here has now extended a bit further. The EUR/USD has just now dipped below the 1.04 handle. The move comes as US yields continue to hold their gains, but in fact, they are off their best levels of the day. It is possible that there were some very short-term stops in place below that 1.04 handle and that is what has precipitated the move, because the USD/JPY is no higher than earlier. Hence, the EUR/JPY is a bit lower right now, edging below the 163 handle. The low print seen on the EUR/USD a short while ago was set at 1.0395. It is right now at 1.0396, but anything inside 1.0335 and 1.0450 is likely to prove entirely inconclusive in terms of overall direction
 

Ready to Get Started?

Start here. Join over 3M Libertex users around the world!