EUR/USD Forecast: further declines below 1.1120

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 17, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    The common currency remains under pressure against the greenback, still trading within a limited intraday range. The EUR/USD advanced during the Asian session up to 1.1178, as local share markets plummeted, tracking Tuesday's decline in oil prices. But European markets opened firmer, and the pair is trading down around 1.1140, still dangerously close to the 1.1120 strong support. So far, there were no fundamental news released in Europe, and upcoming data, EU Construction Output, will hardly

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