EUR/USD: weakening further

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD Current Price: 1.0890 View Live Chart for the EUR/USD The EUR/USD pair reached a fresh 4-week low during the European morning, hit by dollar's strength and poor EU inflation data. Following the strong appreciation of the greenback by the end of last week, majors corrected during the Asian session, but the American dollar resumed its advance with London opening, accelerating higher against the common currency after the release of the flash estimate of February inflation figures.

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