Euro Reaches Six-month High vs the USD
By FF Newsroom · 24 May 2017
Jordan Hiscott, Chief Trader at ayondo markets
“Euro reaches six-month high vs the USD, but can it break through 1.128 barrier?”
“The performance of the Euro vs USD has been nothing short of impressive, especially since Donald Trump’s policy of high public spending has strengthened the dollar in the last few months. At the beginning of April, the currency was trading at 1.0580 and less than two months later it’s climbed 6.5% to 1.1265, representing one of the more consistent upward moves that the Euro has seen in years.
“The question is: going forward, can the Euro continue this impressive run as we approach what has been a significant area of resistance in recent times, the band of 1.1260 – 1.1280.”