After holding up well for much of yesterday's session, the exchange rate of EUR/USD fell last night as uncertainty over Brexit weighed on the euro (EUR).
The euro currency has fallen to a fresh weekly low against the US dollar, completely eroding all of last Friday’s hard-earned trading gains.
The euro has seen a pick-up in selling against the greenback, as traders continue to sell any moves above the 1.1100 resistance level.
The euro currency has slipped into the red for the trading week against the US dollar, following a heavy rejection from the 1.1160 level.
The euro is attempting to gain bullish momentum against the US dollar, following Friday’s strong recovery above the 1.1150 resistance level.
The sentiment around the European currency remains bearish although EURUSD has so far managed well to hold on above the 1.1060 area.
The euro currency is holding firm above the 1.1070 level against the US dollar as the pairs current yearly trading low remains intact.
EURUSD analysis - Pair remains under pressure below 1.1100
The continuation of the buying pressure around the Sterling is now dragging EURGBP to afresh 2-week lows in the 0.9100 neighbourhood.