News

Euro nears 1.13 as it extends to the highs of the day

Euro hits 1.1295

The euro is showing its first sign of life this month. It’s a dim sign but at least it’s a pulse.

EUR/USD is up 17 pips to 1.1292 as it rebounds from the earlier drop to 1.1258, which was the lowest since November.

The bounce has a long way to go to change the trend. The break today clears the way for a return to the November low of 1.1214, although it’s an open question to whether we see a bounce first.

ForexLive

Articles You May Like

The US and China are drafting multiple alternative MOUs on trade talks
Forex Divergence Trading Strategy
EUR/USD GBP/USD trade Best Forex Trading System 22 FEB 2019 Review -forex trading systems that work
Time is running out for the USDJPY range extension
Australian dollar falls into negative territory

Leave a Reply

Your email address will not be published. Required fields are marked *