EUR Daily Review for March 13, 2018
|Recent changes in sentiment warn that the current EURUSD price trend may soon reverse lower despite the fact traders remain net-short.|
|EUR/JPY was previously in a consistent bullish trend that even held-up through the ECB’s extension of QE last October. But that support has already started|
|EUR/JPY put in a breakdown of the prior bullish trend in February, and that move showed initial signs of continuation as we opened into March.|
|This week’s calendar calms from the busier schedule of the past couple of weeks; but next week’s FOMC rate decision looms large as we’re seeing|
|The EUR/USD pair initially pulled back during trading on Monday but found enough support near the 1.2275 level to turn things around and rallied significantl…|
Have a nice trading!