Trading signals

EUR/USD

EURUSD

The dollar lost momentum after mixed data. However, the technical picture is on its side. The US currency is likely to return in the coming sessions and will erase another portion of its recent losses.

 

The main scenario is a decline to 1.0900.

An alternative scenario is a recovery to 1.1100. 

 

The EUR/USD pair is expected to continue its decline towards 1.0900 after breaking 1.1000-1.1010. 

Buyers will try to break above the 1.1050 level to reach 1.1100.

 

New articles