Published on 21 May 2016
The
EUR/USD pair tried to rally during the day on Friday, but struggled a
little bit to hang onto the gains for the day. If we can break above the
top of the range for Friday, is very likely that we could continue to
bounce around in this consolidation area, and with this being the case
it’s likely that the market will try to reach towards the 1.13 level,
and then eventually the 1.14 level as well. I think that it will remain
very volatile, mainly because the Federal Reserve interest-rate outlook
is a bit murkier than we had originally seen. Because of this, a lot of
people will be betting for and against interest-rate hikes, and the
EUR/USD pair is an excellent way to play that particular outlook.
No comments:
Post a Comment