Comprehensive FX and Futures Daily Research
EUR/USD Bounces Back Above 1.40 The EUR/USD’s upswing on Friday fell short of 6/24 highs as we anticipated since volume wasn’t strong enough to create a more significant movement to the upside. The currency pair is propelling from our 2nd tier uptrend line on Monday after the EU reported a better than expected consumer sentiment and economic confidence numbers. However, despite the improvement, the -31 consumer sentiment number is still a far cry from 2005 lows of -15. Additionally, the
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Comprehensive FX and Futures Daily Research
EUR/USD Bounces Back Above 1.40 The EUR/USD’s upswing on Friday fell short of 6/24 highs as we anticipated since volume wasn’t strong enough to create a more significant movement to the upside. The currency pair is propelling from our 2nd tier uptrend line on Monday after the EU reported a better than expected consumer sentiment and economic confidence numbers. However, despite the improvement, the -31 consumer sentiment number is still a far cry from 2005 lows of -15. Additionally, the