Posted on February 27, 2017 at 4:06pm
The pair is trading in a narrow range of 1.0550-1.0610. Consolidation takes place due to the political and economic uncertainty in Europe and the United States.
Euro is under pressure of the upcoming elections in France. If the candidate of the "National Front" party Marie Le Pen comes to power, France may withdraw from the Eurozone, which would significantly weaken the rate of EUR/USD.
Dollar remains under pressure… Continue