EUR/USD Outlook

9 February 2017, 12:18
Vlad Brykin
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EUR/USD Outlook

EUR/USD gained some momentum in the US session yesterday. This is due to an overall weariness of President Trump’s policies and his thoughts of a weaker dollar.

 

The French election is also paying a role with the Euro weakness and I have a negative outlook on the pair as a whole.

Immediate resistance points can be noted on the chart in red and support lines in blue.

Due to our bearish view, the first target is 1.0640 and a break of this point would see a further move to 1.0600

 

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