Skip to main content

EUR/USD stalls and falls

As the GBP/USD now drops back closer to its earlier low at 1.2648, the EUR/USD has also slipped. The Euro has just now hit a session low at 1.0947. To be honest it was making heavy weather of it earlier anyway, as it seemed to stop dead in its tracks above 1.0960. The move to a fresh session low just now is hardly conclusive to very much though and it has not broken any new ground in either direction. Once again it looks like further EUR/JPY selling is having an impact and that surely will not please the EUR/USD bulls, looking for a more decisive break above 1.1019. The EUR/USD is currently trading at 1.0948 

Ready to Get Started?

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