Forex: EUR/USD hovering around 1.3600

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FXstreet.com (Córdoba) - The Euro moved away from session lows but is still trading with an important decline. EUR/USD bottomed so far at 1.3580 and recovered afterwards, rising to 1.3620. Currently the pair is hovering around 1.3600, 0.75% below today's opening price. The pair has been able to hold above last week lows that lie at 1.3570.

"The Euro is likely to lag the best performing currencies so a move to a new recent high is unlikely this month and may have been postponed until Q1 2011", said Nicole Elliot, Senior Technical Analyst at Mizuho Corporate Bank.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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