Euro takes an early breather but still looking south
Malta Independent
Thursday, 29 May 2014, 09:13
Last update: about 13 years ago
The EUR/USD went a thud lower to 1.3588, lows last seen in February this year. The euro nurses its wounds as it rises from yesterday’s lows this morning, but this intraday support won’t likely last long as the euro will likely succumb to the broader bearish trend and price action has already failed twice at the 1.3610 key resistance level. EUR/USD is currently trading at 1.3596 eyeing further lows.