The EUR/USD began to correct lower Tuesday, pulling back from a 2-year high of 1.3914 scored right before the nonfarm payrolls Friday. Following a rangebound day, the EUR/USD came under mild pressure and retreated to the 1.3835 area as the greenback caught a bid and stops were triggered.
Currencies had another lackluster night of trade with majors contained to very narrow ranges for the second day in a row as markets were content to hold steady amidst very little newsflow.
More from the UK inflation report hearings
Valeria Bednarik – Dollar grinds higher intraday, but major pairs still lack momentum either side of the board.
GBP/USD: Bearish breakout around the corner by FXStreet
EUR/USD: Downward correction underway by FXStreet
USDJPY: looking for a break above 103.65 resistance by FOREX.com
The euro is coming under some pressure early on during the European trading session...
March is not a promising month for UsdChf (in 7 of the last 8 years the change has dropped)...
Tue, Mar 11, 15:00 GMTRegister free!
Jack Inman will lead a special coaching session on FXStreet, that includes...
Recording of the interview with Jack Schwager in the Live Analysis Room.