EUR/USD CONFINED IN A NARROW TRADING BAND NEAR WEEKLY TOPS
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
The EUR/USD pair consolidated its sharp recovery move from Wednesday's multi-week lows and was confined in a 15-20 pips narrow band around multi-day tops near 1.0670-75 bands.
Despite of the recent upbeat US economic data, including a trio on Thursday, and growing prospects for an eventual Fed rate-hike action, the greenback has struggled to gain any fresh traction as investors remained cautious and awaited more details on tax plans.
With no relevant fundamental triggers, in-terms of major market moving economic releases, the US Dollar price dynamics would remain an exclusive driver of the pair’s movement on Friday.
Currently the exchange rate of EUR/USD pair is 1.0673.
Our Latest Recommendation:
Sell as the EUR/USD forex pair is going down in Forex Market.
Stay updated with forex trading tips, forex trading signals and forex picks to gain profit.