The biggest move in markets this week has been the USD.
The trade weighed USD keeps pushing higher to the strongest level in two and a half years.
Today we also have the ISM due, and we forecast
it to come in better than expected, which would
also enhance USD strength.
Alongside general EUR weakness, we suggest
selling EURUSD on a retracement to prior
support levels above 1.0950. Target is 1.0900.
The trade weighed USD keeps pushing higher to the strongest level in two and a half years.
Today we also have the ISM due, and we forecast
it to come in better than expected, which would
also enhance USD strength.
Alongside general EUR weakness, we suggest
selling EURUSD on a retracement to prior
support levels above 1.0950. Target is 1.0900.