EUR/USD: Bullish hammer, Italian risks could keep a lid on gains
EUR/USD created a bullish hammer on Monday, awaits confirmation (positive follow-through).
Italian political risks could cap upside in the EUR/USD pair.
By- Fx Street
Tue May 22, 2018 4:55 am
soumailaadamou New Member
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Sun Jul 08, 2018 10:09 am
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EUR/USD could hit 1.15
This week is extremely important for EUR/USD as it could decide whether the pair bottoms or hits a new low. The latest PMI activity reports will be released along with the European Central Bank’s monetary policy announcement. Having just announced the tapering of asset purchases in June, no changes are expected but as usual, their guidance is key. In live forex rates have EUR/USD direction will depend upon his emphasis – if it's on low rates, EUR/USD could hit 1.15 but if he focuses on the positive data trend, EUR/USD could find its way back to 1.18.
