Home Forex Analysis And Forecasts EURUSD Market Update, 1.12 target on break of the 1.1060’s

EURUSD Market Update, 1.12 target on break of the 1.1060’s

EURUSD Update, 1.12 target on break of the 1.1060’s

EURUSD, Daily

For the moment, EURUSD remains in the 1.08 – 1.1060 range since mid December 2015. The pair is bouncing off the 50 SMA in the wake of the mucky Chicago ISM report. I remain with the view that the underlying trend is bearish, however, over the medium term prices may be setting up a recovery towards the 1.12′s on a potential clean break of the 1.1060′s.

Jan 4 EURUSD SRL

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