Sforex

EURUSD: Seeking for shelter. It's not over.

FX:EURUSD   Euro Fx/U.S. Dollar
514 2 11
EURUSD             has had a great effort to break SMA200 and the key trend line I draw on the chart.

I think market would not destroy this effort of Euro             and bid for this trend.

In the background of global uncertainty, Euro             is considered as a good safe-haven currency, and I don't see this uncertainty is over.

That why I believe EURUSD             will rally to 1.1500 in the medium term.

thank so much
Reply
LOL ! The EURO is not a safe heaven currency
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