Equity World – EURUSD rallied for three consecutive days last week trimmed quite strong in the Asian session by the strength of the US dollar rebound, but trying to bounce back at the end of the Asian session to trade the European session on Tuesday (27/12). EURUSD effort to rally gained from consideration of the European market will be strong German bond yields and the previous trading US bond yields declined.
Rising power of the German bond yields have made positive moves retreat EURUSD pair continues until the American session, if the release of economic data from the CB is not as expected. But otherwise the EURUSD positive rate cut continued pressure in the Asian session.
European session the euro exchange rate movements (10:45:38 GMT) move flat against the US dollar, after opening higher than the previous trading at 1.0454 early in the Asian trading session (00:00 GMT), now the Euro exchange rate is still in the position of 1.0454, after reaching the position 1.0456 highs.
For the next trade until the close of trading ending the American session tomorrow morning, analyst Vibiz Research Center viewed as technically EURUSD pair will drop to the range 1.0426 – 1.0398 if the pair rally attempt did not get through the range of 1.0462-1.0483.
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