Will the Euro bears win the battle today? - Forex News by FX Leaders

Will the Euro bears win the battle today?

Posted Wednesday, April 6, 2016 by
Skerdian Meta • 1 min read

EUR/USD has been bouncing up and down between 1.1335 and 1.14 for a few days now. It has even spiked up to 1.1430s last Friday but the 1.1400-10 level has been the ultimate resistance so far. The fight between the bears and the bulls has been quite balanced but I have a feeling that the bears are slowly getting stronger than the bulls. So, the downside looks more favourable right now but 1.1330 has to go first and then 1.13 before the bears get really confident. 

EUR/USD seems to be heading down today

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About the author

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.
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