The curency pair was growing for almost the whole lat week. EUR/USD has bounced off 1,1250 and moved upwards.
There are two main market drivers currently - Brexit and Italian budget deficit. It seems like market participants are sick and tired of both of them and want to start earning even in this risky situation.
We think that EUR/USD is likely to move towards 1,1500 first. There we advice to look at the situation. In case of reverse candlestick pattern, we recommend opening sell positions. Otherwise, if bulls manage to jump over 1,1500, we advice to hold long orders.
There are two main market drivers currently - Brexit and Italian budget deficit. It seems like market participants are sick and tired of both of them and want to start earning even in this risky situation.
We think that EUR/USD is likely to move towards 1,1500 first. There we advice to look at the situation. In case of reverse candlestick pattern, we recommend opening sell positions. Otherwise, if bulls manage to jump over 1,1500, we advice to hold long orders.