FXstreet.com (Córdoba) - The rally against the Dollar across the board eased in the last hour helped by stocks and gold moving away from intra-day high. EUR/USD failed to hold above 1.4750 and weakened. The pair fell to 1.4510 and lost almost all the gains of the American session but is still up for the day and trades 0.43% above today's opening price. EUR/USD peaked at 1.4760 posting a one-week high. On the downside, immediate support lies at 1.4695 and below at 1.4670.
The ecPulse.com analysis team sees Greenback falling in the future: The U.S. dollar is still expected to weaken further over the course of the upcoming period, and that could prove to have drastic effects on economic growth all around the globe, as no one would really benefit from a weakened dollar, as it would drive commodity prices higher, oil is included as well, as oil prices will probably rise drastically should the dollar weaken any further.