EURUSD: Euro Attempts To Pare Morning Losses

Heightened market volatility can be expected on Wednesday during the release of US macro data (durable goods orders and manufacturing PMI), as well as a speech by ECB President Christine Lagarde at 15:40 GMT.

Resistance is between the 1.1910 and 1.1915 levels for the euro bulls. The 45-degree angle passes through 1.1925. Closing the day above 1.1915 would boost buying sentiment. The outlook is mixed for euro crosses, so there is a strong likelihood that a side trend will prevail on Monday.

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Disclaimer: Forecasts which are made in the review constitute the personal view of the author. Commentaries made do not constitute trade recommendations or guidance for working on financial ...

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