Forex: EUR/USD erases gains, turns negative
Forex pairs in this Article »
EUR/USD
FXstreet.com (Córdoba) - The euro lost momentum after reaching a fresh 7-week high of 1.3125 against the greenback and turned lower, losing the 1.3100 psychological level and slipping into negative territory for the day.
EURUSD pulled back from the 1.3125 area, and having dropped over 60 pips within the last hours it recently printed a daily low of 1.3060, weighed by mounting speculation about possible ECB ease.
At time of writing, EURUSD is trading at the 1.3070 zone, 0.2% below its opening price. As for technical levels, below 1.3070 the Mataf.net analyst team sees immediate supports at 1.3045 and 1.3020, while they place resistances at 1.3105, 1.3125 and 1.3175.
EURUSD pulled back from the 1.3125 area, and having dropped over 60 pips within the last hours it recently printed a daily low of 1.3060, weighed by mounting speculation about possible ECB ease.
At time of writing, EURUSD is trading at the 1.3070 zone, 0.2% below its opening price. As for technical levels, below 1.3070 the Mataf.net analyst team sees immediate supports at 1.3045 and 1.3020, while they place resistances at 1.3105, 1.3125 and 1.3175.
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