EUR/USD is threatening 1.15 - Forex News by FX Leaders

EUR/USD is threatening 1.15

Posted Monday, May 2, 2016 by
Skerdian Meta • 1 min read

During last week EUR/USD has been in a constant uptrend. It starting going up from 1.12 and right now it is having a go at the 1.15 level, which is an important one. The ECB used to get very vocal during last year everytime the price reached these levels and as a result the price retreated back down. They seem quiet now and the UK is off on holiday today so the thin liquidity might give the bulls an extra hand. I still don´t see it extending much further even if it breaks above 1.15. Maybe it will take out some weak stops and reverse back below 1.15.

EUR/USD is just below 1.15

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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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