Overall, EUR/USD is ranging across. Recently, EUR/USD broke the support zone of 1.17900.
Yesterday, European Central Bank (ECB) President Lagarde reiterated that the central bank will have more evidence to decide whether to carry out more monetary easing in December.
Also, yesterday, it was reported that the post-Brexit trade talk between the EU and UK is expected to be held through the end of this week, thus running past the mid-November deadline. It was said by an EU diplomat that the hard deadline is later next week.
President Lagarde will be participating in a panel discussion about monetary policy at the ECB Forum on Central Banking tomorrow at 1245 (SGT). During this time, volatility is expected of EUR.
Currently, EUR/USD is testing the resistance zone of 1.17900 and the next support zone is at 1.16500.
Look for selling opportunities of EUR/USD if it bounces off the resistance zone of 1.17900.
Yesterday, European Central Bank (ECB) President Lagarde reiterated that the central bank will have more evidence to decide whether to carry out more monetary easing in December.
Also, yesterday, it was reported that the post-Brexit trade talk between the EU and UK is expected to be held through the end of this week, thus running past the mid-November deadline. It was said by an EU diplomat that the hard deadline is later next week.
President Lagarde will be participating in a panel discussion about monetary policy at the ECB Forum on Central Banking tomorrow at 1245 (SGT). During this time, volatility is expected of EUR.
Currently, EUR/USD is testing the resistance zone of 1.17900 and the next support zone is at 1.16500.
Look for selling opportunities of EUR/USD if it bounces off the resistance zone of 1.17900.