EUR/USD - Technical Analysis:
EUR/USD Current Exchange Rate: 1.3171 (at the time of analysis update).
Outlook: Short-term: Volatile sideways Mid-Term: Sideways/Down.
EUR/USD Analysis: Resistance expected below 1.3217. There is no good trade configuration considering the risk-reward ratio and hence we are not taking any position.
Previous Analysis (Tuesday): A firm break below 1.3060 is required to expect a downward move but if support comes over that then we will expect some more upward correction. There is no good trade configuration considering the risk-reward ratio and hence we are not taking any position.
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EUR/USD Interest Rate Comparison
(For Carry Trade) |
1.00% |
0.25% |
0.75% |
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