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EURUSD ticks lower. Moving away from swing area between 1.07609 to 1.07767
chart The EURUSD is ticking lower in the US session and in the process is moving away from a swing area between 1.07609 and 1.07767. Staying below below that area keeps the buyers firmly in control. It is a close risk for sellers/traders. The Federal Reserve cut rates by 25 basis points yesterday, but the thoughts are that a Trump presidency will not be great news for EU given threats of tariffs. That is pressuring the EUR. A review of the week had the EURUSD closing last week at 1.0887, and moving up to a high of 109.365 on Tuesday. That move to the upside tested its 100-day moving average of 1.09418 before ... (full story)