December 8, 2022

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EUR/USD stays subdued to start the day but lingers at four-month lows

1 min read

EUR/USD is keeping at levels last seen since early April

EUR/USD D1 10-08

Another typical summer’s day is upon us in European morning trade as major currencies are showing little poise to really move to start the session.

EUR/USD is keeping within an 8 pips range but is trading at levels last seen since early April.

The pair fell to fresh lows in over four months yesterday as the dollar continues to keep firmer since last week, particularly spurred by the strong US jobs report on Friday.

For now, keep below the July lows @ 1.1752-56 and sellers will reaffirm a more favourable downside bias targeting the end-March lows @ 1.1704-11 next.

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