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EUR/USD: poised to break lower

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current Price: 1.1120 View Live Chart for the EUR/USD The EUR/USD pair trades in the lower half of its latest tight range, down to 1.1118, holding nearby ahead of US data release. Generally speaking, markets are quite active, with Asian stocks down, but European ones higher, and oil recovering ground after yesterday's slump. The common currency however, seems unable to attract investors, and this latest intraday bounce is more related with dollar's weakness than self EUR strength. US

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