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EUR/USD continues to come under selling pressure

EUR/USD continued to come under selling pressure throughout Monday’s session following negative CPI data from the Eurozone

By Richard Nehme | March 1, 2016 14:54 GMT
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EUR/USD continued to come under selling pressure throughout Monday’s session following negative CPI data from the Eurozone. The pair lost almost 1% of its value trading to hit a low of 1.0860. Stimulus expectations are now becoming more of a reality it seems and traders are eagerly anticipating the ECB announcement later in March regarding further monetary easing. Support now sits at 1.0777, with 1.0709 seen as the next key level [...]

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