EURUSD Trading News during Forex market
10/11/2017 8:15:17 AM
The EURUSD pair reached to slight bids above 1.18111 handle, after a minor dip gotten below the last in the Asian trades.
The ultimate range is now at 1.1873 and we can go to that level, but do not want to move toward any higher or there will be strong dollar settlement which would see the EUR head towards 1.2010. The weakness today looks reinforced at around 1.1775/65. Generally, range trade may be the plan and then go with the movement after the FOMC Minutes or sell a rally to 1.1873 but with a tight SL, at around 1.1925.
FOREX market analysis by FxErvin.