Trading signals

EUR/USD

EURUSD

The weak EU data weighed on the euro while the US dollar was on demand amid risk-aversion.

 

The main scenario is a strengthening towards 1.1700.

An alternative scenario is a pull back to 1.1570. 

 

A further extension to 1.1700 will become possible after a break above 1.1630.

If bears break below1.1610, the next target is seen at the 1.1570 figure.

 

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