EUR/USD Forecast: Continues to Drift Lower Ahead of Non-Farm

Get DailyForex analysis to your emailWe commit to never sharing or selling your personal information

The 50-Day EMA above continues offer resistance, right along with the downtrend line. Beyond that, you have the parity level which is also going to offer a significant amount of resistance. becoming extraordinarily aggressive, and more likely than not, staying tight for much longer than people had originally anticipated.I don’t necessarily think that the Euro is going to collapse, but I do like fading rallies because quite frankly there’s no reason for the Euro to truly take off to the outside. If we did break above the most recent rally, then we could send this market looking to the 200-Daywhich is closer to be 1.04 level.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EUR/USD risks a drop to 0.9755 – UOBAccording to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, further downside could drag EUR/USD to the 0.9755 level in the pabspiovano
Source: FXStreetNews - 🏆 14. / 72 Read more »