Happy Sunday Traders!
Fundamental Analysis: On Thursday, European Central Bank Governing Council member Klaas Knot noted that the ECB could end its bond-buying program earlier than planned if inflation continues to surprise the upside. Knot further argued that it was appropriate for the ECB to prepare for gradual monetary policy normalization. Although these remarks helped the shared currency find some demand, the dollar's resilience limited EUR/USD's upside
Technical Analysis: EURUSD is currently ranging between 1.11870 (Support Zone) and the price is currently in a Resistance Zone (1.134 - 1.139). Anticipating that price will break above this resistance zone. I will be looking at lower timeframes for possible long trades to the upside.
Fundamental Analysis: On Thursday, European Central Bank Governing Council member Klaas Knot noted that the ECB could end its bond-buying program earlier than planned if inflation continues to surprise the upside. Knot further argued that it was appropriate for the ECB to prepare for gradual monetary policy normalization. Although these remarks helped the shared currency find some demand, the dollar's resilience limited EUR/USD's upside
Technical Analysis: EURUSD is currently ranging between 1.11870 (Support Zone) and the price is currently in a Resistance Zone (1.134 - 1.139). Anticipating that price will break above this resistance zone. I will be looking at lower timeframes for possible long trades to the upside.