After a quick snap to retest previous highs during the london session, EURUSD is looking to continue to the downside as the pair falls into the all important 1.1300 support level. I am currently short on this pair having seen the retest and break below the 6 dynamic exponentialmoving average. On wensday we will see FOMC minutes as they concur with current market sentiment of 2 more rate rises in the next few months. EURUSD could potentially break yearly lows again as the fall continue.
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.