EURUSD H1 Trend Watch !
EUR/USD to observe a strong help near the 1.10 level – MUFG
The EUR has kept on debilitating against the USD over the previous month, and hit a new year to date low of 1.1186. Market analysts at MUFG Bank are keeping up with their negative predisposition for EUR/USD however the equilibrium of dangers is presently not as intensely weighted to the disadvantage.
Technically, price is still ranging widely in between two levels @1.13225 and @1.12430.
We are very much waiting for a serious breakout but the BIAS goes below just as seen on the chart .
NOTE: FOMC event coming up in some hours . Observe a very tight risk management measure !
The EUR has kept on debilitating against the USD over the previous month, and hit a new year to date low of 1.1186. Market analysts at MUFG Bank are keeping up with their negative predisposition for EUR/USD however the equilibrium of dangers is presently not as intensely weighted to the disadvantage.
Technically, price is still ranging widely in between two levels @1.13225 and @1.12430.
We are very much waiting for a serious breakout but the BIAS goes below just as seen on the chart .
NOTE: FOMC event coming up in some hours . Observe a very tight risk management measure !
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