EUR/USD is down for the second session in a row, coming under further downside pressure after recent tops well beyond 1.19 the figure. Next stop on the downside is at 1.1700, as FXStreet’s Pablo Piovano notes. Key quotes “The dollar keeps recovering ground lost on the back of US-China effervescence while the recent negative assessment on the current economic conditions by the Fed in its minutes also added to the risk aversion mood. Later in the session, investors are expected to stay vigilant on the weekly report on the labour market and the Philly Fed index.” “The technical view of the ongoing correction follows recent overbought levels and is reinforced by the bearish divergence in the daily RSI (the indicator never confirmed the yearly high).” “The 1.1700/1.1690 band is expected to offer solid contention in case sellers regain some (temporary) control. On another direction, the continuation of the bull run should see the psychological 1.20 neighbourhood re-tested, most likely in the short-term horizon.” 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 USD/CAD to hold in a 1.30-1.35 range into year’s end – Westpac FX Street 2 years EUR/USD is down for the second session in a row, coming under further downside pressure after recent tops well beyond 1.19 the figure. Next stop on the downside is at 1.1700, as FXStreet’s Pablo Piovano notes. Key quotes “The dollar keeps recovering ground lost on the back of US-China effervescence while the recent negative assessment on the current economic conditions by the Fed in its minutes also added to the risk aversion mood. Later in the session, investors are expected to stay vigilant on the weekly report on the labour market and the Philly Fed index.” “The technical view of… 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.
