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| EUR/USD 4-hour chart, source: forexfactory.com |
The slope of Euro's rising becomes blunt but it is vailid to keep long bias on currency pair EUR/USD, I think. No more bad news on currency market hardly appear for a while and English's decision of leaving EU makes Fed hesitate to raise its benchmark rate in the year. The hawkish opinion in U.S. Fed is weaken than that of the dovish.
The price around 1.1040 may work as the support line, I guess.
Sterling tumbled recording 31-years lows, its price is under 1.30 Dollar. Investing.com pressed "The pound is now clearly seen as a high risk asset and when market sentiment becomes very risk averse, it will come under pressure,” citing relative expert's comments.
But Pound will not drop any more till the process of Brexit is completed in years, I think. There will be more additional adjustment but It keeps recent price or edges up. And Euro is keept as long position. Currencies aren't equities. They are more recursive than equities, they hardly dive and soar rapidly.
Meanwhile, Bloomberg.com reported that the investment bank, Goldman Sachs said it is time to stay on the sidelines in equity market.
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