After a brief test of the 1.0900 regions earlier in the session, EUR/USD now comes under some mild downside pressure and revisits the 1.0880 zone at the end of the week.
EUR/USD seems to have met some resistance zone in the area of multi-month peaks near 1.0930 (January 26) amidst the broad-based consolidative mood in the global markets and some lackluster recovery in the greenback.
On the latter, better-than-expected results from key US fundamentals on Thursday lent support to the buck and prevented the USD Index (DXY) from shedding further ground, which eventually morphed into the ongoing corrective decline in the spot.
EUR/USD seems to have met some resistance zone in the area of multi-month peaks near 1.0930 (January 26) amidst the broad-based consolidative mood in the global markets and some lackluster recovery in the greenback.
On the latter, better-than-expected results from key US fundamentals on Thursday lent support to the buck and prevented the USD Index (DXY) from shedding further ground, which eventually morphed into the ongoing corrective decline in the spot.
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