EURUSD has been trading lower for the last 5 sessions. The pair closed the day at 1.0667. The weekly momentum indicated the price topped at the resistance 1.0850, EURUSD tumbled and didn't look back since. I still expect the price to stage some kind of correction and re-test the resistance at 1.0750.
Posted in: Premium Daily Technical Analysis,
Probability of more hikes from FED were higher across the board. May remains out of the picture but June and July gained most confidence and spiked from 49 % to 63% and from 56% top 70% respectively. September was up by 10% and it is now reading 80%. November and December were slightly up too. Investors will be looking for a little bit more hawkish tone from FED this week to confirm rate hike expectations for 2017 and 2018. Given strong US data, FED might be looking into adding additional hike for 2017.
Posted in: Premium Fundamental Analysis,
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