The EUR/USD pair rose to 1.1346 amid market volatility near the London fix and a spike to the upside in GBP/USD. But the move higher was short-lived and quickly bounced to the downside falling to 1.1303, a new 2-month low. From near 1.1300 rebounded and as of writing was trading at 1.1320, moving slightly off lows but still under pressure amid a higher US Dollar across the board. The downside remains supported both, from a fundamental and a technical perspective. While data released earlier today showed lower-than-expected numbers in inflation in France and retail sales in Germany, in the US, the ADP report came in at 227K private jobs in October, above expectations. Data points to solid US growth supporting further rate hikes from the Federal Reserve. Regarding the ECB, it is not clear when it could start raising rates. The euro has been affected today also by comments regarding Brexit that moved EUR/GBP. EUR/USD Levels to watch To the downside, the key support is seen around the 1.1300 area (2018 lows). A break lower could trigger an acceleration to the downside. Below that level support could be seen at 1.1280 and 1.1250. On the flip side, resistance could be located at 1.1335/40 (20-hour moving average), 1.1345 (US session high) and 1.1360 (daily high). 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 AUD/USD takes another hit below key 61.8% fibo, but plenty of reasons to stay bullish FX Street 4 years The EUR/USD pair rose to 1.1346 amid market volatility near the London fix and a spike to the upside in GBP/USD. But the move higher was short-lived and quickly bounced to the downside falling to 1.1303, a new 2-month low. From near 1.1300 rebounded and as of writing was trading at 1.1320, moving slightly off lows but still under pressure amid a higher US Dollar across the board. The downside remains supported both, from a fundamental and a technical perspective. While data released earlier today showed lower-than-expected numbers in inflation in France and retail sales in Germany, in… 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.
