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9 Apr 2015
EUR/USD extends slide below 1.0700
FXStreet (Córdoba) - The US dollar is rising across the board and particularly versus the euro. EUR/USD dropped further below 1.0700 and bottomed at 1.0652, hitting the lowest level since March 19.
The pair remains below 1.0670, under pressure. The decline accelerated after it broke below 1.0710 where last week lows are located. So far the area around 1.0650 capped the downside; below , the next probable support levels might be located at 1.0620 (Mar 16 high, Mar 19 low) and 1.0580 (Mar 18 low).
It is falling more than a hundred pips on Thursday, having the worst performance in almost a month, dropping for the third day in a row. On Monday EUR/USD was trading above 1.1000 and now is about to post the lowest daily close in three weeks, under 1.0700.
The pair remains below 1.0670, under pressure. The decline accelerated after it broke below 1.0710 where last week lows are located. So far the area around 1.0650 capped the downside; below , the next probable support levels might be located at 1.0620 (Mar 16 high, Mar 19 low) and 1.0580 (Mar 18 low).
It is falling more than a hundred pips on Thursday, having the worst performance in almost a month, dropping for the third day in a row. On Monday EUR/USD was trading above 1.1000 and now is about to post the lowest daily close in three weeks, under 1.0700.