Yields on core European bonds went for a slide yesterday as prices rose in response to the ECB's decision to leave its QE programme unchanged – for now at least. Elsewhere, the USD continues to make gains on its peers.
Squawk / 05 June 2016 at 15:34 GMT
Trader, Analyst / Individual Trader
WEEK 23 (06.06.2016 - 12.06.2016) [EURUSD]

This week I was afraid the price could breach 1.10 during any of the main events: NFP & ECB. While ECB gave some relief for the bears, the NFP miss left no hope for soon drop below 1.11-1.10.

I have calculated my sell area to be 1.1315-1.1390, but for the moment we cannot see any reaction to this levels. Maybe it was just due to Friday, when no one wanted to stay long on USD. Waiting for fresh shorts to occur on Monday, but again Yellen could be an obstacle. She has no reason to support USD.

Short Term: Mixed

Medium Term: Lower limit 1.10

Long Term: Bearish (below 1.0460)
05 June
Roma Ramler Roma Ramler
Three times I was lucky with your predictions and for the fourth time, I did not believe in a bullish mood. I'm sorry. Thank you. It's very interesting. Good luck to us.
05 June
JakubSzalaFX JakubSzalaFX
Thanks for following my posts and your comment. Cheers!


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