The euro fell further against the U.S. dollar and approached the March 16 low of 1.2260. The EUR/USD repeated its pattern from Monday. It moved higher during the Asian session, and then began to trade lower after the European markets opened. It broke below 1.2280 and threatened to test the…
Day: April 3, 2018
Can Euro Reclaim 1.25 amid the Negative U.S. Dollar Sentiment?
The euro drifted between 1.2340 and 1.2280 today without any clear direction despite the U.S. stock market indices dropped 2% to 4% today. The EUR/USD initially climbed higher and reached 1.2340. It reversed its course quickly and fell to as low as 1.2280. Traders are waiting for the U.S. job…