EUR/USD review on 15-19 of May 2017
Since 5/05 EUR\USD lost 135 pips. Currently, due to positive state of the European economy, and according to the last speech of the Mario Draghi about continuation of the QE program approximately till December of 2017, there are reasons to open trades for high for the long term.
As for the GBPUSD, from the technical point of view, it reached local maximum at 1.2981, and afterwards started to retrace down. Upcoming parliamentary election in the UK blurs the vision of this asset.
USDCHF – this asset jumped up rapidly within this week up to the resistance level 1.0088. It didn’t break through it, so we expect movement down to the levels 1.0050 1.00160.9962
As for the GBPUSD, from the technical point of view, it reached local maximum at 1.2981, and afterwards started to retrace down. Upcoming parliamentary election in the UK blurs the vision of this asset.
USDCHF – this asset jumped up rapidly within this week up to the resistance level 1.0088. It didn’t break through it, so we expect movement down to the levels 1.0050 1.00160.9962
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