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EUR/USD – Time for correction?

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Earlier today, official data showed that German factory orders dropped by 1.2% in Feb, which weighed negatively on investors’ sentiment and pushed the euro lower against the greenback. As a result, EUR/USD slipped under the Feb high. What does it mean for the exchange rate? In our opinion, the following forex trading positions are justified – summary: EUR/USD: short (stop-loss order at 1.1512; initial downside target at 1.0572) GBP/USD: none USD/JPY: none USD/CAD: none USD/CHF: none AUD/USD:

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