Despite some strong moves and quite high volume in recent weeks, Eur/Usd remains trapped in range between 1.4938 May highs and 1.3967 May lows. As such, direction of a trend on this pair remains unconfirmed, which however should unfold to the downside if we consider weakness on other markets, especially commodities which supports the US dollar.
Guest post by Gregor Horvat
But what if commodities and stocks find buyers, for those with “balls”, who want attack some fresh gains through the summer?!
In fact, today in early European trade, Euro has once again bounced from the support line connected from May 23lows, and reversed recent intra-day sell-offs. Well, it seems that both bullish and bearish scenarios (long-term) are still possible!Get the 5 most predictable currency pairs