The EUR /USD pair fell as low as 1.0717 in the early US session as renewed hopes that U.S. President Donald Trump will unleash growth-friendly spending policies boosted greenback. Investors turned their attention to worl…
The EUR /USD pair fell as low as 1.0717 in the early US session as renewed hopes that U.S. President Donald Trump will unleash growth-friendly spending policies boosted greenback.
Investors turned their attention to world stocks, which hit a 19-month high, lifted by strong Japanese trade data, stellar European company earnings and hopes that Trump will press ahead with a large fiscal spending package.
The ongoing weakness is set to continue for this pair as the resistance level at 1.0784 is likely to act as strong barrier to the bulls and bring a further decline towards lower levels.
To the upside, the immediate resistance can be seen at 1.0740, a break above this level would expose the pair to next resistance level at 1.0784.
To the downside, immediate support can be seen at 1.0687, a break below at this level will open the door towards next level at 1.0653.
