FX.co ★ EUR/USD

It is worth noting that nothing much has changed for the EURUSD pair and we continue to trade in the same range. Moreover, the local downtrend is still ongoing, and yesterday we almost reached 1.14, but so far we still haven’t gone any lower. We are trying to grow or pull back, but that’s not enough either, and I would like to see the pair a bit higher. Anyway, there are plenty of downside targets, and we shouldn’t forget about the false breakout of 1.1480. But in any case, a lot here depends on demand for the dollar and it’s important how the buck will trade further. Overall, I’m still looking south, and therefore if we climb above 1.1450, I’ll sell there as well.