EUR/USD retreated further from 3−week highs at 1.4535 and extended its decline below 1.4500. The Euro broke under 1.4440 and tumbled to 1.4421, reaching a fresh daily low.
At the moment EUR/USD trades at 1.4430, more than a hundred pips and is trimming weekly gains. According to Slobodan Drvenica, analyst at Windsor Brokers Ltd the 1.4437 is a strong support and at 1.4430 the daily 20 SMA lies. “Holding above 1.4320 zone, 22/25 July higher platform and main trendline support keeps the bullish outlook intact.”
The Euro also fell to new daily lows against its European rivals and also versus the Yen as stocks extend losses in Wall Street in Europe.
The Euro also fell to new daily lows against its European rivals and also versus the Yen as stocks extend losses in Wall Street in Europe.
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