EURUSD: Up or Down?

16 במאי 2016

EURUSD broke the support at 1.1290 but recovered strongly and now being traded within the 1.13-1.13300 trange. My bias on this pair remains bullish but I don’t think the EUR could do that and head up back to 1.14+ in the medium-term. Therefore I set selling order at 1.1350+ with stop loss at 1.139+. When I was writing this post the EURUSD hit the 1.133 resistance and dropped down to the lower bound. However I don’t expect much moves today as today’s Monday with no important news. Stay tuned for more updates!

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