Trading signals

EUR/USD

EURUSD

The disappointing EU data weighed on the single currency. The US dollar remained in the driver's seat despite the higher jobless claims. Powell's speech failed to move the market which remained in sellers' hands.

 

The main scenario is a growth towards 1.1750.

An alternative scenario assumes a decline to 1.1610.

 

Trading recommendations

 

A cut through 1.1660 could send the EUR/USD pair towards 1.1750.

The euro is expected to show short-term weakness after breaking 1.1650. Traders will aim at 1.1610 after that.

 

New articles