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Can EURUSD Hold its Ground above 1.10?

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Posted on: 22nd Jun 2015

 Can EURUSD Hold its Ground above 1.10? 

* Market Movers: Weekly Technical Outlook 
* Look Ahead: Stocks 
* Look Ahead: Commodities 
* Global Data Highlights 

We're almost halfway into 2015 and EURUSD is nowhere near parity, despite the introduction of QE in Europe, the threat of a Grexit and the prospect of tighter interest rates in the US. The fact is that the aforementioned factors haven't had as a dramatic an impact on the currency market as was expected, largely because traders got ahead of themselves when factoring the prospect of QE in Europe and adjudicating the economic recovery in the US into EURUSD. Things simply didn't go as planned, thus EURUSD has been readjusting to better reflect the new global dynamic which has pushed the pair back above 1.1000. 
 Credits: 05/22/2015 - Can EURUSD Hold its Ground above 1.10?

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