The EURUSD touched its lowest values as it went into the weekend- Forex Trading
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The inflation numbers from the U.S. are certain to stir the EUR/USD, and technically the currency pair stands out because it is suddenly testing lows not seen since the 9of January. Friday’s decline before going into the weekend crucially broke through lows already produced on Tuesday.The EUR/USD did create a slight reversal higher late on Friday; the currency pair did touch the 1.
If last Friday’s lows are tested again early this week, traders may wager on reversals higher developing, but it should be remembered the EUR/USD traded below the 1.06000 level in the first week of January.Day traders may believe that technically the EUR/USD has been oversold, but they should be careful.
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