Despite the recent weakness in the dollar and looming policy reversal from the European Central Bank (ECB), the euro has been struggling to make gains against the USD.
We at FxWirePro called on our readers to go short in EUR/USD in March this year around 1.218 area. The call is currently almost 500 pips in the money and recently, and we have recently revised our target for the EUR/USD lower to 1.095 area, https://www.econotimes.com/FxWirePro-Call-Review-Euro-downside-target-revised-to-1095-against-USD-1391422
However, our latest calculations suggest that the pair remains trapped in a Bull/Bear fight over future direction. While the Bears are looking to push the euro towards 1.095 area, the bulls are targeting 1.205 area. The bears need to break below the 1.15 support area to negate the bullish pressure.
