The pair has been oversold the past week reaching lows of 1.30, its currently on a steep upward trend that is expected to continue until thE 1.15 are to test the psychological line.
The weekly trendline and the 800 EMA around that area.
The downward potential is some what secured by the 200 EMA and the 0.5 fib around the 1.14 are .
News for EUR next week to keep your eye are:
- ECB President Draghi speech
The weekly trendline and the 800 EMA around that area.
The downward potential is some what secured by the 200 EMA and the 0.5 fib around the 1.14 are .
News for EUR next week to keep your eye are:
- ECB President Draghi speech