The euro continues to fall this week. Yesterday, it dropped to 1.0744 because U.S. durable goods orders were better than expected and U.S. long-term interest rates went up. The decline from last week is still going on.
However, there are reasons to support the euro, such as efforts for a temporary ceasefire in Ukraine and Germany’s financial reforms. Because of this, the euro is unlikely to fall sharply.
The 1.07 level is important because it matches key technical points. If the euro stops falling here, it could be a chance for buying.
Euro-Dollar Expected Range: 1.0820 – 1.0720
Note: This information does not guarantee profits. Make your own decisions before trading.