Skip to main content

EUR/USD still struggling to make progress as US stock markets reopen

Earlier today the EUR/USD fell back from a session high at 1.0762. That high came around the time the European equity markets reopened but since then it has been tracking lower and it has traded to a low today at 1.0723. That low exactly matched the low seen yesterday afternoon, Hence, it has so far resisted a break to a fresh 2024 low, but only by the smallest of margins. The reader is once again reminded of the next notable technical level on the downside, at 1.0712, should the EUR/USD take out 1.0723 this afternoon. The rebound off that session low today has not yet made much headway. The EUR/USD is currently trading at 1.0735, as the US stock markets reopen for business 

Ready to Get Started?

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