EUR/USD CORRECTS FURTHER BELOW 1.0800 AHEAD OF PMIS, FED

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Having failed to resist above 1.08 handle once again, the EUR/USD pair extends its side-ways movement below the last, as we progress towards the European opening bells.

Currently, the spot now trades -0.14% at fresh session lows of 1.0781, having posted a day’s high at 1.0805. The main currency pair is confined within a slim range, and now moves slightly away from fresh eight-weeks highs reached yesterday at 1.0814.

The EUR/USD pair remains largely subdued so far this session, as the bulls consolidate previous heavy gains and gather pace for the next push higher, with the Euro area final manufacturing PMI reports and EU economic forecasts on tap later in the European session ahead.

Current exchange rate of EUR/USD Pair is 1.0784.

Our Latest Recommendation:

It is recommended to sell as the pair is going down.

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