EUR running out of steam on its bounce off the overnight low at 1.5555. It is presently struggling to sustain the move above 1.5580 after facing selling interests on approach of 1.5600. Failure couple with a return below 1.5580 may prompt EUR to carry out another attempt lower. We closed our long position at 1.5592 and turned short at 1.5586 for a possible move to 1.5500/20.
The fallout in oil prices together with the positive US consumer confidence rising has overshadowed the… Continue