EUR/USD range
EUR/USD has been stuck in a tight range since October between 1.1215 and 1.15.
The pair is underpin by trade relief between China and the US and dovish Fed, but an economic slowdown in Europe and brexit is limiting its gains.
Uncertainties around the euro zone remain high, but I think that a breakthrough is around the corner.
This range will stay until a major change in fundamentals, which will lead to a breakout either up or down.
What do you guys think will happen in the near term ? Breakout up or down and why ?
Comment your opinions.
Thank you
The pair is underpin by trade relief between China and the US and dovish Fed, but an economic slowdown in Europe and brexit is limiting its gains.
Uncertainties around the euro zone remain high, but I think that a breakthrough is around the corner.
This range will stay until a major change in fundamentals, which will lead to a breakout either up or down.
What do you guys think will happen in the near term ? Breakout up or down and why ?
Comment your opinions.
Thank you
Ramzi Abou Abdallah, CFTe, CMT
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