FXstreet.com (Córdoba) - EUR/USD fell to test intra-day low at 1.4755 but failed to break below. Greenback is holding below 1.4800 on falling stocks. The pair is losing ground for the fourth consecutive day as it trades at 1.4775/79, 0.22% below today's opening price.
Below 1.4755, the next support lies at 1.4725. On the upside resistance could be located at 1.4815 and above at 1.4840 (intra-day high).
Andrew Wilkinson, analyst at Interactive Brokers, affirms: Ongoing concerns over a budding recovery have pushed to one side the appetite for high yield and serve to punctuate a slide in the dollar. Investors watching recent increases in various measures of volatility and bond yields accelerated by a shifting emphasis to central banks' exit strategies have heightened the expectation that an imminent market correction is well overdue. The rally in the euro nevertheless still looks as though it has life left in it as the single European currency treads water at $1.4790.