EUR crosses/EUR/USD

EUR/USD outlook

Sovereign bids are reported near 1.2480/85 and they should provide support during Asian trade. The hourly chart looks to be in an 80 pip range between 1.2480/1.2560, so I’d tend towards buying intraday dips as long as 1.2470-ish holds. EUR/AUD and EUR/GBP would both seem to have upside potential towards 1.2150 and .7960┬árespectively, favouring the buy-dip intraday strategy.

Leave a Reply

Your email address will not be published. Required fields are marked *