With the possible rate raise on the table the Euro is destined to continue falling, while according to some analysts it will dive below parity should we witness a raise this December.
Have in mind that in less than 5 hours high volatility might stir the markets as we have the FOMC Minutes.
Until then, support rests at 1.06. Resistance is 1.07.
Chart: EURUSD D1
It bounced off 1.0635 for now.
ReplyDeleteIt continues the prolonged and steady decline!
ReplyDeleteStrong downward movement.
ReplyDeleteIt could be at a good turning point.
ReplyDeleteEuro is still weak, back below 1.0700 level.
ReplyDeleteInteresting analysis, thank you.
ReplyDeleteGood reporting, excellent.
ReplyDeleteThe pair keep on swinging between support and resistance.
ReplyDelete