Eur/USD {Update based on ECB}
EUR weakness is not just about the Paris attacks.
The EUR selling comes with the background of the ECB looking to ease further in December, while market consensus is well advanced in the direction of looking for a Fed 'lift off' rate hike, also in December.
Rallies in EUR/USD are thus presenting as sell opportunities.
From here for EUR/USD, we will be running into technical support soon enough, 1.0675 or thereabouts shaping up as a level (technical analysts, comments welcome) ... it does look heavy though.
The EUR selling comes with the background of the ECB looking to ease further in December, while market consensus is well advanced in the direction of looking for a Fed 'lift off' rate hike, also in December.
Rallies in EUR/USD are thus presenting as sell opportunities.
From here for EUR/USD, we will be running into technical support soon enough, 1.0675 or thereabouts shaping up as a level (technical analysts, comments welcome) ... it does look heavy though.
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