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10 Apr 2015
EUR/USD falls further below 1.0600
FXStreet (Córdoba) - EUR/USD continues to be sold off at the beginning of the American session, having already broken below the 1.0600 mark to trade at its lowest level in 3 weeks.
The dollar has resumed its dominant bullish trend across the board and is on track post its first weekly gain versus the euro after 3 consecutive declines. EUR/USD has dropped more than 450 pips from Friday’s highs as the greenback shrugged off awful nonfarm payrolls figures.
EUR/USD accelerated the fall after breaking below the 1.0600 level and hit a low of 1.0567 in recent dealings. At time of writing, the pair is trading at 1.0585, recording a 0.68% loss on the day with immediate target at 1.0462, 12-year low scored on March 13.
There is no first-tier data scheduled for release today.
The dollar has resumed its dominant bullish trend across the board and is on track post its first weekly gain versus the euro after 3 consecutive declines. EUR/USD has dropped more than 450 pips from Friday’s highs as the greenback shrugged off awful nonfarm payrolls figures.
EUR/USD accelerated the fall after breaking below the 1.0600 level and hit a low of 1.0567 in recent dealings. At time of writing, the pair is trading at 1.0585, recording a 0.68% loss on the day with immediate target at 1.0462, 12-year low scored on March 13.
There is no first-tier data scheduled for release today.