Last Friday’s good Non-Farm Payrolls triggered a greenback come back. The dollar was a winner against the euro, with EUR/USD finally making a significant correction. And this correction may have run its course. The common currency held on quite well, clinging to support at 1.1710 after the JOLTs report and gradually recovering after the poor PPI numbers from the US. And now, a full week after that big correction, the pair is on the rise once again. It emerges as the biggest winner from a miss on the US inflation report that fell short of expectations. EUR/USD levels to watch EUR/USD is up to 1.1823, the highest level since that big fall. The next line of resistance is 1.1870, which temporarily capped the pair on its way up and served as support in 2010. Further above, the cycle high of 1.1910 is closeby. And the next big target is not that far either: 1.20. The round number is eyed by many and could trigger some unhappy reactions from the European Central Bank. On the other hand, Draghi’s “everything it takes” speech came when the pair bottomed out at 1.2040 back in 2012. Support awaits at 1.1710 and 1.1620. The euro has gone a long way down and may have a long way to run to the upside. Here are 5 reasons for the rise of the euro. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Forex Weekly Outlook – August 14-18 2017 Yohay Elam 6 years Last Friday's good Non-Farm Payrolls triggered a greenback come back. The dollar was a winner against the euro, with EUR/USD finally making a significant correction. And this correction may have run its course. The common currency held on quite well, clinging to support at 1.1710 after the JOLTs report and gradually recovering after the poor PPI numbers from the US. And now, a full week after that big correction, the pair is on the rise once again. It emerges as the biggest winner from a miss on the US inflation report that fell short of expectations. EUR/USD levels to watch… 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.
