Trading signals

EUR/USD

EURUSD

EUR/USD preserved its bullish structure. However, risks of downward movement are still real. 

 

The main scenario is a short-term decline to the 1.1000 region.

An alternative scenario is an extension of the recent rally towards testing a resistance near 1.1060. 

 

Trading recommendations

 

Sell the EUR/USD pair to 1.1000 if bears break below the level of 1.1010. 

Buy towards 1.1060 if bulls retain control and overcome 1.1040. 

 

New articles