EUR/USD fell to 1.0640 yesterday, but then again rose back to 1.07 to the levels of the beginning of the day. This does not change the situation: the trend of growth of the pair is broken. At the same time, the question remains, when will come the impulse to reduce. Surely, bears feel the strength after taking support at 1.0620. Today there aren't scheduled publication of important statistics, so the data is unlikely to be a driver for the dollar. Markets will continue to be ruled by the positioning and reaction to companies statistics.Thursday 9 February 2017
Indecisive EUR/USD
EUR/USD fell to 1.0640 yesterday, but then again rose back to 1.07 to the levels of the beginning of the day. This does not change the situation: the trend of growth of the pair is broken. At the same time, the question remains, when will come the impulse to reduce. Surely, bears feel the strength after taking support at 1.0620. Today there aren't scheduled publication of important statistics, so the data is unlikely to be a driver for the dollar. Markets will continue to be ruled by the positioning and reaction to companies statistics.
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