FXstreet.com (San Francisco) - The EUR/USD has lost today the 1.2300 level after a 120 ips bearish movement from 1.2390 to reach intra-week low at 1.2265. EUR/USD is trading now at 1.2285, 0.64% below opening price action of 1.2366.
"EURUSD failed to take out the 1.2400+ area and today’s trade has been an expression of the disappointment," comments John J Hardy from Saxo Bank. "The pair has worked lower through the weekly pivot around 1.2307 and looks ready to fully reverse back into the old range if it can’t pick up the rally impulse late today."
"EURUSD failed to take out the 1.2400+ area and today’s trade has been an expression of the disappointment," comments John J Hardy from Saxo Bank. "The pair has worked lower through the weekly pivot around 1.2307 and looks ready to fully reverse back into the old range if it can’t pick up the rally impulse late today."
