EURUSD Update, 1.12 target on break of the 1.1060

January 4, 2016

EURUSD, Daily

For the moment, EURUSD remains in the 1.08 – 1.1060 range since mid December 2015. The pair is bouncing off the 50 SMA in the wake of the mucky Chicago ISM report. I remain with the view that the underlying trend is bearish, however, over the medium term prices may be setting up a recovery towards the 1.12′s on a potential clean break of the 1.1060′s.

Publication source
HotForex information  HotForex reviews

December 2, 2016
It's not the jobs numbers
It’s not bee the economy that has been driving the dollar over the past 3 weeks, of that we can be pretty sure. Rather, it’s been expectations of tax cuts and spending increases, together with incentives for dollar repatriation under the new President...
December 2, 2016
OPEC alliance stuck a global agreement
The Oil prices jumped on Wednesday after the organisation members agreed to pare production first time since 2008, to reduce global oversupply, which made the prices collapse by half since mid-2014...
December 2, 2016
Rebound continues in UK construction
The latest data on the UK construction sector was released this morning, and will likely be seen as positive overall as the recovery from the Brexit shock appears to be persisting. Despite this the FTSE 100 is under pressure this morning...

 FXTM Rating
FxPro Rating
FIBO Group Rating
FXCM Rating
HYCM Rating
Trade360 Rating

OptionsXO Rating
TropicalTrade Rating
TopOption Rating
IQ Option Rating
Banc De Binary Rating
Binary Brokerz Rating