The pair remains vulnerable in the mid-1.1600s, or session lows. The greenback moves to daily highs in the 94.70/75 band. Initial Claims, Factory Orders coming up next in the US docket. The downbeat sentiment around the European currency remains well and sound on Thursday and is now forcing EUR/USD to recede to the 1.1650/45 band, or weekly lows. EUR/USD in 4-day lows Spot is down for the third session in a row so far today, prolonging the weekly leg lower after failing to advance beyond the key resistance line near 1.1740 on Monday. The renewed better tone around the greenback and swelling effervescence in the US-China trade dispute has been undermining the initial positive sentiment in the single currency, with sellers dominating the scenario since Tuesday. No fresh signals from the Fed at yesterday’s meeting matched consensus and lent some extra support to the buck after the Committee stated that growth has been strong and that Core PCE figures is close to 2%. Data wise, nothing scheduled in Euroland should leave the attention to Initial Claims and Factory Orders in the US calendar. EUR/USD levels to watch At the moment, the pair is down 0.09% at 1.1649 facing immediate support at 1.1625 (low Jul.27) followed by 1.1575 (low Jul.19) and then 1.1527 (low Jun.28). On the upside, a breakout of 1.1749 (high Jul.23) would open the door to 1.1792 (high Jul.9) and finally 1.1853 (high Jun.14 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 RBA is certain to keep the overnight cash rate unchanged – Westpac FX Street 5 years The pair remains vulnerable in the mid-1.1600s, or session lows. The greenback moves to daily highs in the 94.70/75 band. Initial Claims, Factory Orders coming up next in the US docket. The downbeat sentiment around the European currency remains well and sound on Thursday and is now forcing EUR/USD to recede to the 1.1650/45 band, or weekly lows. EUR/USD in 4-day lows Spot is down for the third session in a row so far today, prolonging the weekly leg lower after failing to advance beyond the key resistance line near 1.1740 on Monday. The renewed better tone around the greenback… 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.
