EUR/USD comes further off its five-month high Last week EUR/USD managed to rise to $1.1139, close to its 27 July high at $1.1149, before correc
EUR/USD comes further off its five-month high
Last week EUR/USD managed to rise to $1.1139, close to its 27 July high at $1.1149, before correcting lower amid an appreciating US dollar for a third straight session.
The fall through the accelerated December uptrend line at $1.1096 led to the $1.1017 to $1.1009 November peak and mid-December high being revisited on Tuesday morning. Were this support zone to give way, the 19 December high at $1.0988 could be revisited. Above Tuesday’s intraday high at $1.1050 sits Friday’s $1.1084 high.
www.ig.com
COMMENTS