Monthly Archives: June 2018

Euro jumps as EU summit agrees on migration

After several weeks of newsflow with an overriding theme of division, isolationism and protectionism, finally some good news has come out of the European Union summit of leaders. In the small hours of this morning, the EU28 (yes, including the UK) have come to an agreement on ways to tackle the…

EURUSD to Remain Under Pressure Below 1.1600

Last Friday I mentioned a trend line on the EURUSD that could trigger the next round of selling pressure. The level that extends from the 2017 low at 1.0340 connects with the April 2017 low and was responsible for the May 30th bounce last month.

Another level I pointed out on Friday was the 1.172…

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