Dollar Weakness Continues
The greenback continued to weaken against the euro and British pound. While the euro was Thursday’s best performer, rising towards 1.0680 and providing euro bulls a good profit, there was less consistency in the performance of the pound sterling. The pound traded sideways after peaking at 1.2524 and buyers had to be content with a modest profit. U.K. Retail Sales are due for release at 9:30 UTC but this report is not expected to have a significant impact on the pound.
Apart from the second-tier U.K. Retail Sales report, there are no major economic reports scheduled for release today and thus, the price action might be oriented towards resistance- and support levels. Let’s have a look at the current important price levels:
We wish you a relaxing weekend.
Daily Forex signals:
Additional daily and long-term entries are available for subscribers.
View our daily signal alerts https://www.maimar.co/category/daily-signals/
Subscribe to our daily signal service https://www.maimar.co/signals/
We wish you good trades and many pips!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2017 Maimar-FX.