ChEtg

Short Term Bearish Longer Term Bullish

FX:EURUSD   Euro / U.S. Dollar
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Last week EUR USD failed to make a higher high on the back of positive Jobs data produced by the USA - although long term I remain bullish on this pair I would be expecting this to Retrace between 1.1250-1.1300 before continuing in the normal trend. It would be looking at test previous resistance and where trend line is respected to encourage the buyers to come back in the market at a reasonable price


Investors could start the week positive on the USD this week due to Donald Trump coming out reasonably unscathed from the G20 summit. other countries tended to accept his stance on issues although they didn't share the same views. The Statement had America written all over parts of it.

Euro investor currently hoping to get more signs towards the ECB possiblility of tapering at one of their upcoming meetings. Any Bullishness from Draghi will only strengthen the Euro

Strong Monthly Resistance to break through at 1.1480 so if it does then could see big moves towards 1.18
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