For the euro, I do not observe the first wave of correction ...
Intraday Technical Analysis 11 February
Despite the dovish shift at the Fedís first policy meeting of the year, which weighs on USD, a resurgence in concerns regarding US / China trade relations sees the USD strengthen sharply on still inflow. EUR, meanwhile, remains under pressure as Brexit uncertainty and a more somber tone from the ECB keeps sentiment skewed to the downside. EURUSD continues to trade within the broad 1.1217 Ė 1.1569 range but has put in a lower high along the bearish trend line from running from the late 2018 highs, suggesting continued downside. Bears will eye for a break of the 1.1291 structural low and rising trend line with a break of the key 1.1217 level ... (full story)
- Posted: Feb 11, 2019 3:00am
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 1,091