Broad USD-strength weighs on EUR/USD that falls below 1.1700. Euro having the worst day against US dollar since June 27. The EUR/USD pair dropped further and broke below 1.1700. It bottomed at 1.1670, the lowest level since last Thursday. From day’s top lost 90 pips and the negative tone remains intact. As of writing, the pair trades at 1.1680/85, down for the second-day in-a-row and having the worst performance since the beginning of the month. The greenback reached fresh highs across the board during the US session. DXY Futures broke above 94.15/20 and hit 94.41, the highest level in a week, extending the recovery from 93.39 (Jul 9 low). US Dollar gains appear to be supported by data released today (higher-than-expected US PPI ahead of tomorrow’s CPI), EM concerns and comments from Fed’s Evans supporting more rate hikes. EUR/USD Levels to watch The negative tone around the pair intensified during the US session with the consolidation under 1.1700. It found support around the 1.1670 area. A break lower could lead to further losses. The next strong short-term support could be seen at 1.1630 (Jun 23 & Jul 3 low) and below attention would turn to 1.1600. The euro needs to regain 1.1700 in order to ease the bearish pressure. Above resistance levels might be seen at 1.1725 and 1.1755/60. 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 Korean lawmakers to submit new bills on cryptocurrency regulations – The Korea Times FX Street 4 years Broad USD-strength weighs on EUR/USD that falls below 1.1700. Euro having the worst day against US dollar since June 27. The EUR/USD pair dropped further and broke below 1.1700. It bottomed at 1.1670, the lowest level since last Thursday. From day's top lost 90 pips and the negative tone remains intact. As of writing, the pair trades at 1.1680/85, down for the second-day in-a-row and having the worst performance since the beginning of the month. The greenback reached fresh highs across the board during the US session. DXY Futures broke above 94.15/20 and hit 94.41, the highest level in a… Top 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.
