EUR/USD near-term bearish – Kshitij Consultancy

FXStreet (Barcelona) - The Team at Kshitij Consultancy, maintain a near-term bearish outlook on EUR/USD, but note that there exists a possibility of the pair moving towards 1.1040 in the coming sessions.

Key Quotes

“Pound (1.4842) is down targeting 1.423 in the near term while Euro (1.07) is back from 1.05 levels but is testing levels near 1.0748 which if holds may see a fall to 1.06 again.”

“There is also a fair possibility of moving towards 1.104 over the coming sessions.”

“Note that below 1.1024-1.1052 the currency may continue to move in the broad 1.105-1.052 zone. Near term is bearish.”