The EURUSD, for many days, had been in a downtrend rally, expecting a interest rate cut from the Federal Reserve. However, many events changed that perspective:
* the disappointing data in employment created on May.
*Brexit on June.
*the insignificant quarter GDP growth.
Those factors are creating new expectations about the federal rate hike for thi year, iincreasing each time more bearish investor on the USD. So it will be the force, those sentiments, that are going to impulse the EURUSD, to the upside direction.
* the disappointing data in employment created on May.
*Brexit on June.
*the insignificant quarter GDP growth.
Those factors are creating new expectations about the federal rate hike for thi year, iincreasing each time more bearish investor on the USD. So it will be the force, those sentiments, that are going to impulse the EURUSD, to the upside direction.