EUR/USD August 24 preview

The EURO is being used for financing carry trades lately. Current global markets turmoil has led EUR/USD to a new 2-month high. Breaking above the 1.1440/1.1470 zone next week will have magor repercussions for the markets. ECB has been very silent lately and this may change given the ongoing global currency war and the Euro’s appreciation.

EUR/USD (daily)



Petros Steriotis