Hi traders,
EURO's uptrend is declined by a strong sell zone @ 1.117000 level. We may see EURO continue to fall until the end of this year as the U.S. economy strengthens. Also, ECB is determined to maintain its present monetary policy until conditions improve, there's no positive fundamental news for Euro.
We may see a little bit of retracement @ demand zone -1.10000- to supply zone as DXY is about to hit a similar supply and resistance area. DXY will test 98.70 area then retrace before it rises to 100.
Buy: 1.10000
SL: bellow demand zone
TP: 1.107xxx
EURO's uptrend is declined by a strong sell zone @ 1.117000 level. We may see EURO continue to fall until the end of this year as the U.S. economy strengthens. Also, ECB is determined to maintain its present monetary policy until conditions improve, there's no positive fundamental news for Euro.
We may see a little bit of retracement @ demand zone -1.10000- to supply zone as DXY is about to hit a similar supply and resistance area. DXY will test 98.70 area then retrace before it rises to 100.
Buy: 1.10000
SL: bellow demand zone
TP: 1.107xxx