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Market Updates

20 Oct. 2017

EUR/USD keeping the bullish stance following the Spanish news.

The EUR/USD has popped above $1.1857 this morning, following  news that the Spanish government is expected to trigger article 155 on Saturday. As of writing, the pair is now meandering at $1.1810.

We are keeping our views posted on 18th October unchanged!

On the 30 mins chart, the price action on the EUR/USD is suggesting a short term bullish setup with a possible rise to $1.1945 followed by $1.2077. On the flip side, a dip below $1.1733 might see immediate support at $1.1713. However, a move below $1.1667 would invalidate our bullish count!



Disclaimer: This communication is provided for information and discussion purposes only. Unless otherwise indicated, it does not constitute an offer or recommendation to purchase or sell any financial instruments or other products. AfrAsia Bank does not guarantee or warrant the accuracy, reliability, completeness of the information in this publication.