Products You May Like
It’s becoming a bit of a theme over the last two days
Swing region resistance between 1.1650-60 is proving a little too difficult for buyers and they just can’t seem to hold a break above the 200-hour MA (blue line) @ 1.1639 currently. This throws the near-term bias back into limbo and we’re pretty much where we are at the start of the session.
Even the same scenarios mentioned above still applies as the two main risk events are still to come: US non-farm payrolls and the possible announcement of US tariffs against Chinese goods.
This article was originally published by Forexlive.com. Read the original article here.