Trading signals

EUR/USD

EURUSD

Euro bulls lost the grip, as a result the EUR/USD pair printed fresh lows. The euro will most probably show a recovery today.

 

The main scenario is a return to the 1.1100 hurdle.

An alternative scenario is a decline the 1.1040 area. 

 

Trading recommendations

 

Buy the euro towards 1.1100 if the rate gains traction and climbs above 1.1080.

Sell the single currency towards 1.1040 if bears break 1.1070.

 

New articles