Will EUR/USD Drop or Jump?
Good day!
EUR/USD remains at the level of 1.1110 which the currency pair is currently testing. The asset can either pull back or break it through. So far, we assume that the currency pair should jump:
Based on the latest reports by COT CFTC, large operators started to expand short positions on Euro again and this might confirm the fact that the asset’s price could break the support level of 1.1100 anytime soon:
The price of currency pair USD/CHF broke downtrend therefore asset’s price is most likely to get back to the broken downtrend and jump up:
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