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EURUSD upward movement may stop at least at 1.19 and above
Category: Forex Forecasts & Signals
Posted by on July 23, 2017 at 10:43 AM
The upward movement of EURUSD is so strong that the stop is expecting far above 1.19. The rumors that Fed will not hike interest rates this year or one 25 bps up to 1.50% as maximum is one of the factors to move the Euro from 1.11 to 1.16.
The trading strategy this week is to keep long positions or to open long positions using any correction down. The target for this week is at 1.1750. But we recommend keeping the position with target at 1.19 and above.
The main focus this week is Fed Interest rates decisions on Wednesday. It is not expecting change of interest rates.

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