As you can see we have a great couple of technical supporting a further downward move for EURUSD to the 1.22 area, we have also broken and retested a Daily Bullish Trend line, showing signs of rejection from this also.
fundamentally the US economy is strong with Investors being worried for the Euro in regards to the lasting effects of the trade tariffs, the Euro cant afford to lose there huge surplus. The uncertainty still surrounding the outcome of the Italian elections and yesterdays disappointing Inflation print. so I can see a decline in the Euro over the near future.
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fundamentally the US economy is strong with Investors being worried for the Euro in regards to the lasting effects of the trade tariffs, the Euro cant afford to lose there huge surplus. The uncertainty still surrounding the outcome of the Italian elections and yesterdays disappointing Inflation print. so I can see a decline in the Euro over the near future.
Follow us on Instagram - Chill_Forex or visit our website for more information about us www.chillforex.co.uk