The Euro is Closing the Gap: More to Come? - Forex News by FX Leaders

The Euro is Closing the Gap: More to Come?

Posted Monday, August 28, 2017 by
Rowan Crosby • 1 min read

The Euro has closed the gap after opening slightly higher in early Asian trade.

Given the muted response and the overall lack of conviction from both Yellen and Draghi I suspect that in the short term the EUR/USD is in for a slight retrace as European traders enter for the day.

1.1900 is the key level that we need to test and break and if we can do that, we might pull back into the holding pattern of last week.

Euro Gap

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About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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