Hi all ,
As we mentioned yesterday the euro continued to weaken against the U.S. dollar, and we see room for EUR/USD to return to1.2954 before any pullback to 1.3070—1.3080 area.
Stochastic indicator has dropped into oversold territory below 20% area, indicating that a short term upward movement is expected. However, the long term bearish sentiment remains in place, supported by ADX indicator above 20 levels.
Good luck
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter
As we mentioned yesterday the euro continued to weaken against the U.S. dollar, and we see room for EUR/USD to return to1.2954 before any pullback to 1.3070—1.3080 area.
Stochastic indicator has dropped into oversold territory below 20% area, indicating that a short term upward movement is expected. However, the long term bearish sentiment remains in place, supported by ADX indicator above 20 levels.
Good luck
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter