FXstreet.com (Córdoba) - The fall in stocks is boosting the Dollar across the board. EUR/USD is testing levels below the support zone at 1.4990. The pair fell to 1.4983, posting a fresh intra-day low. The Euro failed to break above 1.5050 and weakened. Currently the pair trades at 1.4988/91, 0.27% below today's opening price. Despite rising today, Greenback is heading toward the third weekly decline in a row.
The ecPulse.com analysis team affirms: The euro-dollar pair plummeted strongly on the four-hour and one-hour charts and may plunge further to the downside according to the stochastic oscillator on these timing scales, having the Union currency trading at 1.5006 recording a high of 1.5060 and a low of 1.4989