EUR/USD: The Pair Continues to Edge Lower in the Market

EUR/USD Hourly (H1) Chart
EUR/USD Hourly (H1) Chart

EUR/USD: The pair continues to edge lower as the cautious tone in the market caused EURO bulls to lose fundamental support. Worse than expected EU area retail sales update, German factory orders weighed down Euro while firm USD added pressure, causing pair to fall below 1.08 handle. But disappointing US payroll data has helped price bound back above 1.08 handle. The pair will now oscillate around 1.08 handle while traders await headlines from the USA for short term trading cues. 

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