Forex: EUR/USD rallies to 1.3174
In early European morning ahead of equity markets’ opening, the EUR/USD is rallying. Currently, the pair has printed its high at 1.3174. Consumer Confidence in France is expected after political pressure since Sunday. The FOMC meeting will be underway to day, and will end tomorrow, with much expectations from investors.
“We favour failure and a slide back to near term support at 1.2974/54, the February low and 61.8% Fibonacci retracement. Minor support lies at 1.3174/73 ahead of 1.3045”, wrote Commerzbank analyst Karen Jones.
Category: Euro , Forex News
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