XE Market Analysis: USD/EUR Bear Morphs to Bull as trades above 50-day average

OVERVIEW

  • EUR-USD found its feet after posting a one-week low at 1.1685

  • USD/CAD hits 1.31, retreats to mid-1.30s amidst continuing NAFTA negotiations. 

HIGHLIGHT

The EUR wavered between bearish and bullish today, following brisk sales of the Euro when the market opened. The FTSE is lagging, and the Eurozone ESI economic survey returns were below forecasts. The EUR has support at 1.1665.