EUR/USD Has been plummeting for the last 12 months, stopping at a 13-year low around 1.0500.
Just this month the pair rallied 350 pips breaking through the 1.1000 resistance and seems to now be stuck below the minor 1.1250 handle. With ECB's QE plan and high expectations for US economy, the outlook was bearish, however a breach above 1.1300 might indicate a trend reversal.
Just this month the pair rallied 350 pips breaking through the 1.1000 resistance and seems to now be stuck below the minor 1.1250 handle. With ECB's QE plan and high expectations for US economy, the outlook was bearish, however a breach above 1.1300 might indicate a trend reversal.