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EUR/USD dipping to 5-week lows

FXstreet.com (Ediinburgh) -The selling interest surrounding the shared currency is now accelerating on Friday, dragging the EUR/USD to test levels last seen in late July.

EUR/USD hurt by risk aversion, month-ends

Decent data from the euro area throughout the week were ineffective to spark the least attempt of a recovery, as Syria-induced spiralling risk aversion plus month-end rebalances keep favouring the greenback. “On the charts, trend support and the 40-day moving average have provided a short term base in the mid-1.32 area, but we continue to see room for more downside from here. We prefer selling rallies toward the upper …read more