EUR/USD approaches 1.2000, hits fresh 4-year low

FXStreet (Córdoba) - EUR/USD continued to slide and reached at 1.2008 a fresh 4-year low and approached the psychological 1.2000 mark.

The pair remains near the lows, under selling pressure as stocks in Wall Street open with gains.

On the short term, weak data from the Eurozone and the ongoing strength in the US dollar continues to weigh on the EUR/USD. On a wider perspective, analysts also point toward a bearish outlook.

“The combination of ECB policy settings, Greek political uncertainty, a fragile recovery and the contrast with the US all point to a lower EUR/USD for now”, mentioned Brian Martin, analyst at ANZ.

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