An Introduction To The New Leg Lower- Raboban
As per the examiners from Rabobank, latest moves in the EUR/USD recommend that it is the beginning of another leg lower.
Key Quotes:
"The break low in EUR/USD has at the beginning of today taken the money combine to its weakest level since mid2017. The move brings down is noteworthy in fact since the break out from the ongoing sideways trading channel denotes the beginning of another leg lower."
"There is a short term push level near current trading levels. Key specialized help currently lies in the EUR/USD1.1187 region, which denotes a Fibonacci retracement level."
"While worries about European exposure to Turkey gave the trigger to the break lower in EUR/USD, we would contend that the EUR was at that point debilitated by the dovish policy bias of the ECB and furthermore by the reestablishedcenter around the Italian spending which has a week ago as of now made some nervousness in peripheral bond markets."
"We have been bearish on EUR/USD since March, be that as it may, the pace of the ongoing drop has taken us by surprise.” Know more please visit The Best forex Signal.
Key Quotes:
"The break low in EUR/USD has at the beginning of today taken the money combine to its weakest level since mid2017. The move brings down is noteworthy in fact since the break out from the ongoing sideways trading channel denotes the beginning of another leg lower."
"There is a short term push level near current trading levels. Key specialized help currently lies in the EUR/USD1.1187 region, which denotes a Fibonacci retracement level."
"While worries about European exposure to Turkey gave the trigger to the break lower in EUR/USD, we would contend that the EUR was at that point debilitated by the dovish policy bias of the ECB and furthermore by the reestablishedcenter around the Italian spending which has a week ago as of now made some nervousness in peripheral bond markets."
"We have been bearish on EUR/USD since March, be that as it may, the pace of the ongoing drop has taken us by surprise.” Know more please visit The Best forex Signal.
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