6 Jul 2015
EUR/USD might see fresh offers around 1.1083 – FXStreet
FXStreet (Barcelona) - FXStreet Edtor and Analyst, Omkar Godbole, views that EUR/USD might be offered around 1.1083, and a break below 1.0994 will lead to additional losses.
Key Quotes
“The recovery could extend upto 1.1083 (38.2% Fib R of Mar to May rally). However, the bearish view remains intact as the pair breached rising trend line resistance on the daily. Consequently, the pair could be offered on the rise below 1.1083.”
“On the other hand, a break below 1.0994 (50% Fib R of Apr-May rally) could push the spot lower to 1.0955-1.09.”
Key Quotes
“The recovery could extend upto 1.1083 (38.2% Fib R of Mar to May rally). However, the bearish view remains intact as the pair breached rising trend line resistance on the daily. Consequently, the pair could be offered on the rise below 1.1083.”
“On the other hand, a break below 1.0994 (50% Fib R of Apr-May rally) could push the spot lower to 1.0955-1.09.”