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Long term bearish channel resistance holds for now, but us heavily tested, If it get broken, next level to look for is at around 1.12
Long term bearish channel resistance holds for now, but us heavily tested, If it get broken, next level to look for is at around 1.12
1.1100 could be the psychological level on the upside.
Waiting to see what will London session (SNB) do to the EUro this time
EURUSD
Down From Highest Point today To Level 1.09727
Good Luck & Good Trend
Long term bearish channel resistance is slowly giving up. We need confirmation (there is still the short term resistance), but the odds that the bearish trend will continue are smaller and smaller
There will be no US rate hike - they are waiting 2016 election results
China declared currency war - traders running from USD to Euro - but they don't know which is worse
China declared currency war - traders running from USD to Euro - but they don't know which is worse
Wait till FED starts QE4 instead of rate hike That will be an interesting day
I am not sure that the EUR/USD will rise above the 1.1090 in the closed future.
Tomorrow it goes even more up - FED does not want strong dollar any more - they have wars now