XE Market Analysis: North America – Feb 23, 2017

The dollar has been in consolidation mode so far today. EUR-USD posted little more than a 20 pip range in London AM trading, holding in the mid 1.05s, consolidating yesterday’s rebound gains from a low at 1.0493. The narrowing in in the Franco-German sovereign debt yield spread over the last day has helped keep the euro underpinned. Resistance is at 1.0589-90 ahead of the 20- and 50-day moving averages, at 1.0653 and1.0633.

Source: XE news feed
XE Market Analysis: North America – Feb 23, 2017