Forex Trading Library

EURUSD Loses 1.1900 Handle On A Strong Dollar

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The euro currency is posting losses and is down over 0.70% intraday.

The declines come on the back of the stronger US dollar which is trading stronger for the second day.

The declines in the euro accelerated after price lost the 1.1900 handle. This comes just a day before the common currency briefly traded near 1.2000 before giving back the gains.

Despite the current declines, EURUSD still remains biased to the upside.

The correction we see now could likely stall near the 1.1800 level.

But if the euro loses this level, then we could see prices testing the 1.1750 level of support next.

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