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forexlens
Jun 9, 2019 10:47 PM

EURUSD - TUG OF WAR 

EUR/USDOANDA

Description

We're in a tug of war situation. Friday it seemed to be that EURUSD would make an easy transition to 1.14000. Over the weekend, the Trump Administrator and Mexican Officials were able to reach a deal in regards to the recent dispute over lax immigration control by Mexico. We did see some slippage over the weekend as a result, with the Euro and Pound gaping lower. In the grand scheme of things, we do still have a long bias and may only come back down to retest the recent descending channel we broke out of. I will speak more about this on our daily live session tomorrow morning @ 11:00 AM EST.

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