There’s no mercy for the common currency under the dollar rally: the November 2013 low has been broken and the pair now trades at the lowest since September 2013, at 1.3292 so far. Update: 1.3284 is the new low. It is forming as a break, not only a dip. The last straw in the euro’s back was the publication of German producer prices, which certainly showed weakness: prices dropped 0.1% contrary to a flat reading expected. However, this follows on a dollar rally that we’ve seen in the latest hours. The dollar began moving forward on the strong housing figures and didn’t wait for the FOMC Meeting Minutes and Janet Yellen’s Jackson Hole speech. The next support line is at 1.3250. The chart shows that the pair is following towards the bottom of the narrowing downtrend channel: Beyond 1.3250, the next line below the 1.32 line we have the 1.3175 level. For more, see the EUR to USD prediction. The next thing on the agenda is the FOMC meeting minutes. 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 MPC Meeting Minutes Split 7:2 – GBP/USD leaps Yohay Elam 9 years There's no mercy for the common currency under the dollar rally: the November 2013 low has been broken and the pair now trades at the lowest since September 2013, at 1.3292 so far. Update: 1.3284 is the new low. It is forming as a break, not only a dip. The last straw in the euro's back was the publication of German producer prices, which certainly showed weakness: prices dropped 0.1% contrary to a flat reading expected. However, this follows on a dollar rally that we've seen in the latest hours. The dollar began moving forward on the strong housing figures… 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.
