This is going to be very dependent on market opening, as we don't know how the market will react to the ongoing situations in the middle east.
However, a strong reaction to end last week has brought the pair near an interesting level. I don't see a huge incentive for the EURO to push higher against a strong dollar where there has been an increased discussion on further rate hikes by the fed.
Macros for the EURO aren't selling to me either which only gives me a strong bias towards a further down slide for EURUSD.
However, a strong reaction to end last week has brought the pair near an interesting level. I don't see a huge incentive for the EURO to push higher against a strong dollar where there has been an increased discussion on further rate hikes by the fed.
Macros for the EURO aren't selling to me either which only gives me a strong bias towards a further down slide for EURUSD.