Trading signals

EUR/USD

EURUSD

The advanced October’s EU inflation figures and Q3 GDP increased demand for the euro. Traders are focused on the US data now.

 

The main scenario is an incline towards the 1.1180-1.1170 area and a bounce off it.

An alternative scenario is a decline towards the 1.1100 level. 

 

Trading recommendations

 

The EUR/USD pair is likely to return to the 1.1180 region for a while where it should bounce to 1.1140. A break of 1.1140 may cause losses towards 1.1100.

 

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