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Market Updates

07 Feb. 2018

Snapshot- EUR/USD short term outlook

EUR/USD Short term Outlook

On the Hourly Chart, despite a bounce from the low of $1.2313 yesterday, there is still room for further decline below previous low or even to $1.2215.

Only a move back above $1.2489 would suggest a resurgence of the bullish trend on the EUR/USD.

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.