Euro continue to fall down significantly and all key supports already broken. EURUSD end last week with almost 200 pips loss, biggest loss compare with prior weeks and continue to gap down on this morning. The bearish momentum is very strong now and it will not surprise anybody if EURUSD will move lower today.
It is clearly that if the situation is not improved, the interest rate gap between EU zone and US will be widen in the medium term, and this may be the fundamental reason behind the move of Euro.
The next support level for EURUSD will be 1.3100.
Forex Trading Signal:
We will watch for signals to sell Euro around 1.3250 – 1.3300 to join the down trend.
+1.3400 – 1.3430
Forex Signals 247