The EURUSD pair is holding the lower ground as the USD recovers some of its losses from Thursday’s trading, with the low having hit 1.1241.

Investors are waiting for fresh impetus for the next direction. The 100-day Moving Average at 1.1249 is a key level of interest for traders today so watch out for that point in front of the close.

Since the beginning of a week ago, the pair has been generally ricocheting between lows close to the 1.1200 handle and tops near 1.1280.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.