1.1400-1.1440 a step too far for EUR/USD
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Last updated: Monday, April 4, 2016
The US Dollar has been losing ground lately while the Euro has enjoyed some demand, which has made EUR/USD twice as vibrant. This pair surged last week from around 1.11 to 1.1440. But, the 1.14-1.15 zone has always proved to be a step too far for this pair. It has climbed to these levels on quite a few occasions last year but every time it has failed to stay here or move above, apart from that occasion when the Chinese stock market crashed in August. It is finding it difficult to hang on again, that´s why we opened another EUR/USD sell signal.
EUR/USD has failed several times to stay at these levels
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ABOUT THE AUTHOR
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
