ECB willingness to shift into easing mode again will be testedSoft macro data from France continues...
Markets are likely to want to test ECB willingness to shift into easing mode again so the downside risks for 1.09 remain in play for EURUSD. This will carry the rest of the EUR board.
A quick move in play here to kill the week off as we start the initial stages of a test in the lows at 0.745.
Best of luck all
Eurdkkforecast
Hitting Resistance That Is Over A Decade OldEURDKK is at a magical spot currently. The resistance, its near now, have been tested many times. Currently you see the 5 times it's been tested since '11, but if you look further back, on the weekly, you will see it was also was tested in 2004, and again further back in the 90's. I'm not rushing to get into this pair - but it's definitely on my radar the next coming weeks. It could be big trade if it reverses upwards. Which it eventually will. It's rare seeing a pair close to such a strong resistance.