Why will $EURUSD have strong bear control this week? Find out:
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Commenting says Ian Shepherdson, analyst at Pantheon Macroeconomics. “But it is still within the range of the past two years, as the chart shows, and the final breakout to the downside is still a long way off. According to some analysts, there is a risk of any further increase in US interest rates, which leads to a further reduction in interest rates in the near future, and that the data increases the risks of the June increase, but they believe that borrowing costs are most likely to be left unchanged.
A higher correction could reach 61.8% Fibonacci retracement at 1.0766 near the 100 SMA dynamic inflection point.
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