EURUSD Technical Analysis, September 10

The EUR is exchanging gains with losses against the USD on Tuesday, taking EURUSD pair to the 1.1050 zone in early European trading.

Spot is presently endeavoring a type of consolidation in the mid-1.10s after failure around the 1.1080 region a week ago, consistently on the back of fairly reduced trade jitters and ahead of the key ECB monetary policy meeting on Thursday.

The EUR got a goodish boost after a report that the German government is considering fiscal stimulus to boost the economy.

Key focus remains on the ECB gathering on Thursday, when the central bank is required to at last deliver its stimulus package.

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John Wat

About: John Wat

Forex analyst with 10 years experience in Forex market.Trading Expert ABC Breakouts, Trendlines breakouts, Supply & Demand, Customized Elliot Wave.