The pair is about to test last week lows as the Euro slides across the board. Euro erases yesterday’s recovery, back under pressure. The EUR/USD pair dropped further during the American session and printed a fresh daily low at 1.1277. It is trading slightly above last week lows, hovering below 1.1280 with the bearish bias intact. The euro is falling across the board on Tuesday. EUR/CHF trades at the lowest intraday level since early January and could post the weakest close since July 2017 while EUR/GBP dropped to 0.8518, 1-week low. Fears about a slowdown in Europe, the new stance of the ECB and the Brexit drama weigh on the euro. The greenback is mixed, posting gains particularly against the yen, the Swiss franc and the Euro while is falling versus commodity link currencies. The dollar was not affected by data from the US released today that came in below expectations. Housing starts tumbled 8.7% in February and Consumer confidence fell unexpectedly to 124.1 in March. EUR/USD Levels to watch The pair is about to test last week lows that stand at 1.1270/75. A break lower could trigger more losses. Support levels might be seen at 1.1250 and 1.1220 (Mar 11 low). On the upside, at 1.1300/05 there is a key resistance (20-sma in 4 hour chart): if the euro recovers above it could extend the upside to test FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI Technical Analysis: Bearish divergence should be a warning to bulls chasing the bid below 61.20s FX Street 4 years The pair is about to test last week lows as the Euro slides across the board. Euro erases yesterday's recovery, back under pressure. The EUR/USD pair dropped further during the American session and printed a fresh daily low at 1.1277. It is trading slightly above last week lows, hovering below 1.1280 with the bearish bias intact. The euro is falling across the board on Tuesday. EUR/CHF trades at the lowest intraday level since early January and could post the weakest close since July 2017 while EUR/GBP dropped to 0.8518, 1-week low. Fears about a slowdown in Europe, the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
