EURUSD Bounces from Support Pattern, ECB Forex News by FxPremiere Group Live Forex Signals alerts System.
EURUSD Bounces from Support Pattern, ECB Forex News
EURUSD Bounces from Support Pattern, ECB Forex News by Live Daily FX Signals site FxPremiere.com.
- EURUSD holds 10511 area again.
- Bottoming still a possibility in formation.
- ECB news since last week.
The Euro lifted over 1.1% on Friday from an zone supporting which runs back the low created two years ago to the month. EUR/USD found support at 10461 in March 2015, but has since turned higher from near there on a couple of occasions since – Dec 2015 and Dec/Jan 2016 before dropping down to into the 10310s.
In the shorter-term, EUR/USD remains stuck in a downward trend since the beginning of last month.
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Many forex signals cover EUR/USD and are able to offer fairly consistent returns. This is because the European economy and the economy of the United States as a whole tend to either be stable or fluctuate in fairly easily anticipated intervals. The only exception is when there are sudden economic crashes, which do not occur often — and usually affect other traders rather than forex traders.