The downside to this pair still remains at risk as there seems to be no improvement over Italy's budget crisis.
This coupled with the Brexit negotiations still cast a shadow of uncertainty over the Euro - We will be looking for further developments can be reached this week.
On the other hand, last week's NFP report was solid, hence causing the EUR/USD to slide a little, however we look towards the US Mid Term elections happening this 2 days - This event would definitely cause more volatility with the USD.
Yesterday, the price has rejected the 1.1420 level, based on the overall picture, we look for this pair weakening towards the 1.1350 region.
Trade Safe!
This coupled with the Brexit negotiations still cast a shadow of uncertainty over the Euro - We will be looking for further developments can be reached this week.
On the other hand, last week's NFP report was solid, hence causing the EUR/USD to slide a little, however we look towards the US Mid Term elections happening this 2 days - This event would definitely cause more volatility with the USD.
Yesterday, the price has rejected the 1.1420 level, based on the overall picture, we look for this pair weakening towards the 1.1350 region.
Trade Safe!