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zulle6716
Aug 6, 2016 2:41 PM

Short EURUSD on price bounce Short

EURO / U.S. DOLLARICE

Description

EUR/USD tested the DMA 100 at 1.1230 level on a US Dollar weakness rally that continued from last week, before it fell on Wednesday. A strong US Employment data saw the pair moved lower to DMA200 level.
Looking at the sentiment:
EURO is expected to print lower reading as the market is waiting for a reaction from ECB after the pre-emptive BOE actions. Bund yield now lower than JGB yield indicating a further negative move in the German fixed income asset.
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