EURUSD NEUTRAL ahead of critical level
Updated
Fundamental: EU talks Greek debt to GDP ratio, looking to reduce it to 60% level by 2060. Then, the leaders will discuss Brexit. Britain said they would quit negotiation if the exit bill's too high.
Technical: EUR is approaching Trump election night levels (blue box). Further gain this week is not likely to outweigh the risk of a short term retreat.
My opinion: I'd be happy to see price consolidation just before it enters the blue box. Drawdown may even extend to 1.1 levels. But I'm positive for the long term, EUR should continue rising.
Technical: EUR is approaching Trump election night levels (blue box). Further gain this week is not likely to outweigh the risk of a short term retreat.
My opinion: I'd be happy to see price consolidation just before it enters the blue box. Drawdown may even extend to 1.1 levels. But I'm positive for the long term, EUR should continue rising.
Note
And the pair retreated from 1.1250 to 1.1200 as of writing.
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