Trading signals



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.


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