EUR/USD Technical Analysis: Has the Euro Rebound Run Its Course?
The Euro has managed spirited recovery against the US Dollar after finding support at the 1.13 figure but the move higher may be running out of steam.
The Euro has managed spirited recovery against the US Dollar after finding support at the 1.13 figure but the move higher may be running out of steam.
The most recent report showed yet again an increase in bullish sentiment towards the dollar among large speculators, this comes at an important crossroad.
The British Pound continues to claw back earlier-month losses, and a deeper sell-off in the US Dollar has helped to keep prices elevated. But the big question is whether bulls will be able to take out a big batch of August resistance in GBP/USD.
US Dollar Bulls need to believe the best running developed market economy in the world could run even better while at the same time needed to keep its distance from global growth catching up.