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Support at 0.88603 to 0.8878. Low in EURUSD moved to 0.88649 today. The EURGBP bounced off key support for the 2nd consecutive day.  Looking at the daily chart, the 0.88603 to 0.8878 area is home to a number of swing levels going back to April 2020.  Yesterday, the low price reached 0.88688 and bounced.  Today the low price reached 0.88649 and
EUR/JPY trade idea Analysts at MUFG reccomend selling EUR/JPY in the week ahead with a target of 123.00 and a stop at 127.30. “We are recommending a short EUR/JPY trade idea to take advantage of the euro’s downward momentum in the near-term,” they write. “We still see scope for the EUR sell off to extend
Media reports on moves from the European Union to lay out plans to limit its reliance on the USD Citing a draft policy paper from the European Commission that will be adopted on January 19. The paper points to the EU’s vulnerability to US sanctions and to financial risks. Measures proposed include tighter controls on