shopify stats

Bearish Trend Expected for EURUSD by FED Data

April 14, 2015 9:36 am

Today we are expected that the EURUSD pair will move in bearish trend, because Dollar full weights on Euro due to strong interest rate hike expectations by FED and may be the pair will move near support range 1.0530 towards 1.0502, as technical basis by strong momentum of bearish trend and today high importance event for Dollar may be volatile for EURUSD, if the data shows improvements then the pair will move slightly near support 1.0465 and if shows not improvement in previous economic conditions then pair will keep the average range for next day 1.0608.




Leave a Reply