Angst Political tension looming around the Eurozone and the widening of spread of the Germany and Italy bond yield, Fiber is now trading near 7th Month low. Let's look at the chart if where could find a possible support for the EUR currency.
From the Weekly chart below of the EURUSD pair, price is now sitting at key support price level 1.1610. Price could hit further below next key support around 1.1427 if geopolitical tensions continue to intensify. Though US10Y now having a correction from its significant rally last two weeks ago which affects Dollar strength, there is still a thin line for Euro bulls.
For more Fundamental and Technical analysis, kindly visit my blog at:
livetotradefx.blogspot.com/
From the Weekly chart below of the EURUSD pair, price is now sitting at key support price level 1.1610. Price could hit further below next key support around 1.1427 if geopolitical tensions continue to intensify. Though US10Y now having a correction from its significant rally last two weeks ago which affects Dollar strength, there is still a thin line for Euro bulls.
For more Fundamental and Technical analysis, kindly visit my blog at:
livetotradefx.blogspot.com/