Products You May Like
Euro up 75 pips
The story today is the US dollar as it slumps in North American trade on flows and political drama.
The euro has brushed aside today’s soft IFO report and regained nearly all of yesterday’s decline. That helps to underscore support in the 1.1260-80 range.
The next hurdle is a rise above the 55-day moving average which is right at spot and above yesterday’s high of 1.1391 and the figure.
This article was originally published by Forexlive.com. Read the original article here.