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22 Sep 2014
EUR/USD rises to 1.2850
FXStreet (Córdoba) - The euro recovered ground during the American session against Greenback and erased losses. EUR/USD is trading around 1.2850, 20 pips above Friday’s closing price.
After Draghi’s presentacion at the European Parliament EUR/USD dropped to 1.2815, reaching a fresh 2014 low. Then rebounded and climbed on American hours as Greenback pulled back across the board. The pair is about to end trading around 1.2850 ahead of the release of the preliminary PMI report of the Eurozone.
Despite rising modestly and showing oversold reading in some technical indicators, EUR/USD hit a new low for the fourth trading day in a row on Monday and continues to move with a downside bias.
After Draghi’s presentacion at the European Parliament EUR/USD dropped to 1.2815, reaching a fresh 2014 low. Then rebounded and climbed on American hours as Greenback pulled back across the board. The pair is about to end trading around 1.2850 ahead of the release of the preliminary PMI report of the Eurozone.
Despite rising modestly and showing oversold reading in some technical indicators, EUR/USD hit a new low for the fourth trading day in a row on Monday and continues to move with a downside bias.