Trading signals

EUR/USD

EURUSD

US PMI Composite came in better than expected and saved the dollar from more losses. Still, traders prefer to buy gold instead of the euro and the dollar amid tensions between the US and Iran.

 

The main scenario is an increase towards the 1.1210 resistance.

An alternative scenario assumes a decline to the 1.1170 region. 

 

Trading recommendations

 

If the EUR/USD pair stays above 1.1190 it may climb to 1.1210 in the coming sessions. 

If the currency pair breaks the level of 1.1190 downwards, the price may ease to the 1.1170 area. 

 

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