EUR/USD continues its downtrend below 1.0700
Updated
Dear traders!
EUR/USD struggled to attract any meaningful buyers and was weakened by a combination of factors. Political uncertainty in Europe, coupled with Friday's dismal Eurozone PMI, appears to be weighing on the Euro. The Fed's relatively hawkish stance lifted the USD to multi-week highs and continues to act as a headwind.
EUR/USD struggled to attract any meaningful buyers and was weakened by a combination of factors. Political uncertainty in Europe, coupled with Friday's dismal Eurozone PMI, appears to be weighing on the Euro. The Fed's relatively hawkish stance lifted the USD to multi-week highs and continues to act as a headwind.
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