EUR/USD: can’t find direction – FXStreet

FXStreet (Guatemala) – Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair stands around the 1.0900 figure, 12 cents below the year opening, and it has been unable to establish a clear directional strength ever since bottoming at 1.0461.

Key Quotes:

“There are little reasons for the EUR to strengthen in the term, but at this point, the downside is still seen limited.

Shorter term, Wednesday saw the release of US pending home sales that showed an unexpected decline, down for the third time in four months in November, as the index decreased 0.9% to 106.9 from an upwardly revised 107.9 in October.”

Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair stands around the 1.0900 figure, 12 cents below the year opening, and it has been unable to establish a clear directional strength ever since bottoming at 1.0461.

(Market News Provided by FXstreet)