The pair loses the grip and drops to 1.1640, daily lows. The greenback stays sidelined around 94.60 early in Europe. German IFO next of relevance in the euro area. The renewed selling bias is now hovering over the single currency, forcing EUR/USD to recede to the area of 1.1650/40, or daily lows. EUR/USD looks to data, sentiment After two consecutive daily advances, the pair is now showing some signs of weakness and retreats to the 1.1650/40 band after climbing as high as the vicinity of 1.1680 last Friday. On the opposite side, the greenback appears to have recovered the smile for the time being and is attempting a sideline theme in the 94.50/60 band when tracked by the US Dollar Index (DXY). News from the speculative community noted EUR net longs receded to levels last seen in May 9 2017 on the week to June 19, according to the latest CFTC report. Light calendar to start the week on the data front, with the German IFO for the current month being the salient event in Euroland later in the morning and US New Home Sales only expected across the pond. EUR/USD levels to watch At the moment, the pair is losing 0.10% at 1.1642 and a breakdown of 1.1509 (low Jun.21) would target 1.1508 (2018 low May 29) en route to 1.1479 (low Jul.20 2017). On the flip side, the next hurdle is located at 1.1672 (21-day sma) seconded by 1.1677 (high Jun.22) and finally 1.1718 (low Dec.12 2017). 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 China: RRR cut was not surprising – TDS FX Street 3 years The pair loses the grip and drops to 1.1640, daily lows. The greenback stays sidelined around 94.60 early in Europe. German IFO next of relevance in the euro area. The renewed selling bias is now hovering over the single currency, forcing EUR/USD to recede to the area of 1.1650/40, or daily lows. EUR/USD looks to data, sentiment After two consecutive daily advances, the pair is now showing some signs of weakness and retreats to the 1.1650/40 band after climbing as high as the vicinity of 1.1680 last Friday. On the opposite side, the greenback appears to have recovered the smile… 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.
