After leaving the downward channel in late May, ERUUSD has been trapped in a relatively tight zone and waiting for a push to break it, either to the downside or the upside. All depends on what Christine Lagarde says today!
I think EURUSD has a bullish bias, with more room to the upside than the downside. If it breaks the upper limit, my target is 1.0930.
Otherwise, I expect it to hold the support at 1.06.
I think EURUSD has a bullish bias, with more room to the upside than the downside. If it breaks the upper limit, my target is 1.0930.
Otherwise, I expect it to hold the support at 1.06.
Note
no 50bp hike in July. EURUSD broke down, hit 1.06 and heading to a lower support at 1.05.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.