FXStreet (Córdoba) – EUR/USD turned sharply to the downside after the release of US economic data. It erased gains and printed a fresh daily low at 1.0885, the lowest since last Thursday.
EUR/USD unable to recover
The pair climbed during the European session but near 1.1000 lost strength and then reversed. Currently it trades at 1.0905/10, down 0.85% for the day so far.
On Friday EUR/USD reached a 1-week high, slightly above the 1.1000 zone. The decline from the mentioned area so far found support around 1.0890; below here the next level to consider lies at 1.0860 and then 1.0815/20 (May low). The upside remains limited below 1.1000. A clear break on top could trigger a bullish run.
(Market News Provided by FXstreet)