EURUSD Long

24 окт.

Euro data overnight showed slowing manufacturing but expanding services PMI. While Eurozone offers a mixed bag, the outlook for a large or sped up rate of cuts at the ECB does not seem guaranteed at the moment. I will add to EURUSD longs under 1.08 handle and see the pair up to the daily 200 MA. Is the USD strength going to continue? It is possible but we are close to the bottom of a monthly range so the probability of the pairs retracement at least has solid chance of happening over the next few days.