Trading signals

EUR/USD

EURUSD

Risk aversion and strong US data help the dollar to remain in the driver's seat. If the US bond yields did not retreat the US currency would continue its winning streak.

 

The main scenario is a growth to the level 1.0840.

An alternative scenario assumes a fresh ask-wave towards the 1.0760 area.

 

Once bulls overcome the 1.0800 level, they might reach 1.0840 afterwards. 

Sellers are looking for a break below the 1.0790 handle to reach the 1.0760 level.