Simultaneous Release at
Good day forex traders.
In the previous EUR/USD updates we note the continued ranging nature of the currency pair.
Looking at the EUR/USD daily chart above we note the immediate resistance seems to be 1.3120 right
now. The round number of 1.3 continues to play a pivotal role and neither bulls nor bears can achieve a full
victory for now. The currency pair is now resting on a bullish trend line from some time back and it will be
worth while to observe if there is any interaction. Many traders often make a mistake of considering short
term factors. From a long term point of view, this ranging is expected as the current region now is probably
the current expectation of the market while the Euro Zone sorts its problem out.
Don’t miss the fundamental analysis,
continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.
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