The Euro is Closing the Gap: More to Come?
The Euro has closed the gap after opening slightly higher in early Asian trade.Given the muted response and the overall lack of conviction
Rowan Crosby•Monday, August 28, 2017•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.
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ABOUT THE AUTHOR
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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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