ECB has the better profitability and took very strong stabilizing position between 1.1 to 1.4 area. I am not expecting great volatile until next year. However, euro looks win win position after Brexite vote. EURGBP touched 0.8850 which break 5 years high and still expecting 0.90 over coming month.
Nevertheless, EUR/USD trapped between 1.1 to 1.4 area and its good indicate for traders to trade with safe heaven strategy. I am looking for buy positing for short term but in the mean time, eur may weaker then any other major currency because of European electing such as GERMAN, French.
There is No major market movers today - on the other hand ECB is due to release the minutes from the meeting in September as well as a speech by Benoit Coeure at the IMF meeting in early morning.
Signal for Short-term EUR/USD:
Trade: BUY at 1.1150
Spot: 1.1155
Stop-loss: -
Take profit: 1.1300
Nevertheless, EUR/USD trapped between 1.1 to 1.4 area and its good indicate for traders to trade with safe heaven strategy. I am looking for buy positing for short term but in the mean time, eur may weaker then any other major currency because of European electing such as GERMAN, French.
There is No major market movers today - on the other hand ECB is due to release the minutes from the meeting in September as well as a speech by Benoit Coeure at the IMF meeting in early morning.
Signal for Short-term EUR/USD:
Trade: BUY at 1.1150
Spot: 1.1155
Stop-loss: -
Take profit: 1.1300
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