The US Dollar is in broad retreat this morning. It has been losing ground the entire week last week and in the first several sessions of this week so far. It doesn´t make sense since the FED are expected to hike the interest rates this year, which will be the second time in less than a year, while the other central banks like the BOJ and ECB are considering easing their monetary polica yet again. But, this is the sentiment right now. It can shift in a blink of an eye though and the market can turn bullish so be cautious. Right now it seems a bit of overstretched technically too.
Is 1.1616 enough for EUR/USD?
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
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.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals