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EUR/USD consolidates losses, remains below 1.18

From fxstreet.com

The EUR/USD pair touched its lowest level since June 28 at 1.1686 in the first half of the NA session before starting to consolidate its losses. As of writing, the pair was trading in a tight range around 1.1740, losing 0.35% on the day. Before the data from the U.S. helped the greenback gain traction and build on its gains from Monday, the pair faced pressure amid a weakening euro. After today's data from Germany showed that the preliminary GDP growth on a yearly basis in the second quarter of 2017 plummeted to 0.8% from 3.2% (revised from 1.7%), the shared currency lost strength against its rivals. In fact, the ... (full story)

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  • Category: Fundamental Analysis