After a couple of great days for the EURO where at last we had some intraday momentum, the EURO is now looking to retrace at least part of those moves and as much as 50% possibly. The 1.1730 area looks to be the place to be, at that point we should see if the buyers return.
Meanwhile traders are no clearer about the potential breakthrough in BREXIT negotiations following a dinner in BXL between the major players in the process. This left GBP almost motionless against the USD. |