Wij gebruiken een aantal cookies om u de best mogelijke browser ervaring te bieden. Door deze website te blijven gebruiken, gaat u akkoord met ons gebruik van cookies. U kunt hier meer leren over ons cookie-beleid of door op de link te klikken onderaan iedere pagina van onze website.
EUR/USD turning lower, after short-term resurgence
EUR/USD has been moving higher after the fall below the $1.1715 mark yesterday. This continues the wider downtrend, so portrays this more recent rebound as a short-term retracement before we move lower once again. Price has rallied into the 61.8% retracement so far, before turning lower this morning.
However, the bearish signal comes with a break below the $1.1735 swing low. Until then, there is a chance that we could post a deeper retracement into the 76.4% level ($1.1800). Although, as long as the price does not break above $1.1832, any such rally would be perceived as a selling opportunity.