Good morning everyone,
This is definitely going to be frustrating to many as eurusd continues to climb higher after being boost by fundamentals.
Today or tomorrow we will expect ECB to roll out some of their recapitalization plan.
I expect eurusd to trade a bit of sideways range 1.3750 - 1.3835 until the plans are release or until tonight US fundamental news. If US fundamentals remain bad, eurusd will likely continue to go higher too.
However, topside is limited at around 1.3975 which is close to psychological level 1.4000. Therefore, I do expect another climb, good to pick long if eurusd trades to 1.3750 region with SL 50 pips. Target is as mentioned to reach 1.3975.
No comments:
Post a Comment