EUR/USD SLUMPS TO 1.07 AS MARKETS ROUND THE CORNER INTO FRIDAY
- EUR/USD backslid to the 1.0700 handle on Thursday, erasing the week’s gains.
- EU PMI figures expected to rise slightly on Friday.
- US PMIs to wrap up the trading week, expected to tick lower.
EUR/USD fell back to familiar technical levels on Thursday, clunking down to the 1.0700 handle after a miss in US economic figures bolstered the Greenback. Friday markets loom ahead with a packed data docket, with Purchasing Managers Index (PMI) figures for both the EU and the US on the cards.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.