EUR/USD In the next opposition

EUR/USD has run with high tempo to his next opposition with 1.4240 which is estimated topically as not strongly. The next hurdle against it, 1.4260, will probably show a bigger challenge for the currency pair. In the end of 2009 this area served as a strongly fought support.

EUR/USD can keep in spite of the easily weaker shopping manager’s index for services more than 1.42. Currently it is supposed that are behind 1.4220 purchase stop which could lead the currency pair fast in the direction of 1.4240 where a smaller opposition is.

After the FOMC meeting the mood against the USD remains extremely negative. EUR/USD can jump over his opposition with 1.4200 currently easily and heads for 1.4220. Then the next brand waits with 1.4255.

Comments are closed.