The Euro is trying to recover day losses
On Thursday during the European trading session the US dollar shows mixed trading against other major currencies. He is trading on the upside against the Euro, the franc and the yen. against the pound, new Zealand dollar, canadian dollar and Australian dollar.
The Euro after yesterday’s fall corrected with 1,1655 to 1,1693 (+30). With the opening of the European session on the market resumed selling the Euro. Before the opening of the American session the sellers have updated yesterday’s high at around 1,1650.
Technically the pair is ready for an upward correction. Rapid recovery in prices should be expected, since most of the cross pairs in the Euro traded in the negative region. The Euro went into a plus vs defensive assets – yen and the franc. Maybe due to them, he now restores daily losses against the dollar. As the target for the upward correction can be considered the level 1,1705.