Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

EUR/USD eying test of 1.1000

  • Pair seen easing above 1.1000 making short work of apparently heavy offers

  • Momentum suggests bullish trend, favoring further squeeze on shorts

  • Stops located above 1.1040 & 1.1060. Shorts into 1.1050-1.11 popular strategy

  • 1.1098 = low post ECB announced QE plans in Jan

  • Traders expect a topside overshoot before downtrend resumes 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.