Forecast and technical analysis EURUSD on June 27, 2018.

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EURUSD: Southerly movement is expected by close

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On Tuesday the 26th of June, trading on the euro closed down. Euro bulls lost all of the gains made following the surge witnessed yesterday. The strengthening of the USD forced buyers to lock in profits. As for the weakening of the single currency, I see more technical factors at play than fundamental ones.

Trading plan Forex EURUSD for 26.06.2018

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Risk aversion is shifting to Tuesday, although this does not mean any stronger moves for the currency market. Nevertheless, there is an atmosphere of fear that US trade disputes with the rest of the world may eventually affect the moods of business and consumers, inhibiting recovery. Stock markets in Asia do not interrupt the downward series and the Chinese Shanghai Composite loses 0.8%. Only Japanese Nikkei are distinguished, where they were able to return just above the reference point.

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