EUR/USD – 26.05.2017

0
405

Our target orice was realised on 14.06.2017

Having considered the increased expectancy of a rate hike in June, it is worth having a look at EURUSD. The pair has gone up over 20% since the beginning of April from 1.06 to 1.1240.

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We believe the upcoming rate hike will stop this rally. Our first target is; 1.1150. If it is broken we can see a further drop to 1.1050.

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This cannot be considered an investment advice!