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Forex Fundamental Analysis: The pound recovers from the new lows

Forex Fundamental Analysis: The pound recovers from the new lows

Euro

The European currency traded different directional against the dollar. The good US economic indicators put pressure on the euro as well as the economic releases absence. Our attention will be draw to the France employment release that is likely once again will point out to the negative dynamics, denoting an increase in the unemployed army. After breaking through the support at the level of 1.2250-1.2270, the euro/dollar was able to consolidate below and to break through the level of 1.2180-1.2200. We should not talk about a significant pair overvalued.

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