FXstreet.com (Edinburgh) -The selling pressure around the bloc currency is intensifying now, rapidly dragging the EUR/USD to fresh weekly lows near 1.3260 on Thursday.
EUR/USD focus on 1.3250 (May peaks)
The pair is accelerating its intraday decline since the recent failed attempts to follow through the 1.3400/20 resistance band, amidst increasing risk aversion on Syrian jitters. The inability of the pair to trespass that important upside barrier leaves the door wide open for further and deeper retracements. “In the near term, risks to EUR/USD look skewed to the downside given the heightened geopolitical risks as a military strike on Syria could …read more