EUR/USD is consolidating in summer mode. In the beginning of the week the pair tried to break below a few support lines, buy with no success so far. Asian accounts are trading on both sides of the market and a clear direction is missing. It is interesting that this time more and more analysts and traders are warning that market bubbles are forming everywhere especially in the commodities and stocks. If these bubbles burst again we know what will follow for the forex market – stronger US Dollar. Support is at 1.4160, 1.4080 and 1.4000. resistance is at 1.4310/30 and 1.4450.
No comments:
Post a Comment