EUR/USD Review, July 12-16, 2021
12 July 2021
The currency pair fluctuated in a range last week and tested 1.1879. EUR/USD stays below this level at press time.
FOMC meetings revealed last week the expectations to make the monetary policy tighter before previously established dates. FOMC members’ commentaries supported USD.
It is recommended to wait for the results of 1.1879 testings this week. If the currency pair breaks this level out, EUR/USD is likely to continue growing targeting 1.2144. Otherwise, we will see it going down targeting 1.1630.
