ECB officials continue to express that EUR price level and market expectations shall not be their priority. These comments mitigate the dovish stance of FED on rate cuts. EURUSD price may ease in short term.
Technically, EMA200 worked as a rejection point once again, followed by a the break of ascending support line around 1.13. A typical SHS formation is forming on daily scale, coupled with a bounce back from RSI 50 level.
Looks like a good entry point for shorting EURUSD, which might extend down to 1.11.
Technically, EMA200 worked as a rejection point once again, followed by a the break of ascending support line around 1.13. A typical SHS formation is forming on daily scale, coupled with a bounce back from RSI 50 level.
Looks like a good entry point for shorting EURUSD, which might extend down to 1.11.