Stock Groups

EURUSD Drops to New Low for the Year By Investing.com

by Mike Robinson

[ad_1]

© Reuters.

Sam Boughedda

Investing.com — On Tuesday, the index fell below its previous low of 1.1529 for the year, reached last Wednesday. 

The price fell to 1.1524 in the previous session, before it retraced to trade at 1.1531, which means it’s down 5.6% from January. 

After reaching its September highs at 1.1909, the pair continues to fall. This is despite mixed days for other major currencies.

The dollar has suffered a recent pullback and gained an additional 0.15% today against the USD. The day is now flat despite both attempts to make a break in one direction or the other. But, the has rallied higher.

If the EURUSD continues to fall, it would be worth watching 1.1495. However, the price has already risen above its previous week’s lowest levels following today’s fall.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of the potential risks and financial costs involved in trading the financial market. It is one the most dangerous investment types.



[ad_2]