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31 Oct 2014
EUR/USD refuses to stay below 1.2500
FXStreet (Córdoba) - EUR/USD took a dip to test levels below 1.2500 but once again, sellers weren’t able to keep the pair below the psychological level for long.
EUR/USD rebounded from the 1.2490 zone in a new attempt, but with the bounce being capped by the 1.2530 area, the pair was confined to a phase of consolidation. At time of writing, EUR/USD is trading at 1.2517, still 0.69% below its opening price, having scored a 26-month low of 1.2485 earlier on the session.
EUR/USD came under renewed pressure Friday amid broad dollar strength and soft Eurozone inflation figures, but investors may take a wait-and-see stance and refrain from taking the pair much lower ahead of ECB meeting and nonfarm payrolls next week.
EUR/USD rebounded from the 1.2490 zone in a new attempt, but with the bounce being capped by the 1.2530 area, the pair was confined to a phase of consolidation. At time of writing, EUR/USD is trading at 1.2517, still 0.69% below its opening price, having scored a 26-month low of 1.2485 earlier on the session.
EUR/USD came under renewed pressure Friday amid broad dollar strength and soft Eurozone inflation figures, but investors may take a wait-and-see stance and refrain from taking the pair much lower ahead of ECB meeting and nonfarm payrolls next week.