EUR/USD eases to fresh two-week lows of 1.1790
The greenback is starting to flex its muscles a little on the new week, as it pushes slightly higher across the board now with light gains against the euro and pound.
EUR/USD sees sellers keep near-term control as price action keeps below the key hourly moving averages but we’re also seeing a potential break below 1.1800 on the day.
Of note, price is looking towards the 50.0 retracement level of its recent upswing @ 1.1786 will keep the dollar bias more favoured going into tomorrow’s US CPI report.
Elsewhere, GBP/USD is down 20 pips to 1.3818 while both AUD/USD and NZD/USD are down 0.2% to 0.7337 and 0.7100 respectively.
This article was originally published by Forexlive.com. Read the original article here.