Long-term looking if we see decisive break above1.1250 handle, we would be sellers or this pair, as we believe that pair could go as low as 1.10 handle which is significant supportive point. Buiyng is not an option at the moment.
EUR/USD Weekly Forecast – 13 June – 17 June
Euro was initially pushed higher in the course of the last week, but found area around 1.14 handle to be too resistive at the moment and by the end of the week pulled back to 1.1250 level. It was an overall a steadier week, with decline being caused by bad Brexit news. As for next week, we would be focused on US figures and Fed's interests rata decision. Any type of supportive candles around 1.12 handle would be short-term buying signal, while resistive candles above 1.1350 handle would be selling signal.
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