Yesterday
we saw how the EUR/USD broke above the 1.2500 level, but it then retraced
rapidly to the downside, clearly the bullish momentum was not sufficient to
keep the pair above that round number level. Today there has been continuation
to the downside and the pair is currently trading at 1.2466. Fundamentally the
Euro could remain weak versus the Dollar and that is why we could see the price
testing the 1.2400 level again.
Well spotted! I'll keep it in mind.
ReplyDeleteIt's unlikely to make any big movement during the holidays.
ReplyDeleteVery nice tip, I'll keep an eye on the future.
ReplyDeleteGood point.
ReplyDeleteI agree with your point of view.
ReplyDeleteVery useful information! Thanks.
ReplyDeletegood point
ReplyDeleteInteresting point of view thank you.
ReplyDelete