Risk appetite remained firm on Thursday following the Bank of England's surprise hold which led to yield curves shifting lower across geographies |
The selling bias hits the single currency and forces EUR/USD to the sub-1.1600 area ahead the opening bell in Euroland |
As long as the pair keeps trading below recent tops near 1.1600, a move lower should not be ruled out. Against that |
The technical analysis of the EURUSD price chart on a 1-hour timeframe EURUSD: H1 is retreating after testing the 200-period moving |
The Euro has fallen a bit during the trading session on Thursday to reach down towards the 1.1550 level. |
EUR/USD - 1.1605.. Euro moved narrowly but with a soft bias Asian morning after Wednesday's volatile trading in New York |