The longer-term outlook is that the Euro remains undervalued against the Dollar at its current levels (around 1.15 at time of writing), and that these remain attractive valuations to consider purchasing the EU currency in the long run.
From a technical perspective the EURUSD is likely to maintain the range in the coming week.
From a technical perspective, the reversal off the 1.1730 level suggests a potential decline to the downside.
The euro currency was seen trading mixed last week as price action gave up the gains after a brief rally to a four week high at 1.1733.
The EURUSD currency pair was seen posting strong gains last week.
The euro currency was seen extending strong declines on Friday.
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The EURUSD currency pair saw another week of sideways trading.
The EURUSD currency pair was seen slipping last week as the common currency briefly touched the $1.1606 level before reversing the losses rather quickly.
EURUSD stays flat – But upside breakout expected.