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