EURUSD Recovered From Yesterday’s Lows After Qatar’s Decision to Fund Turkey

Thursday, 16/08/2018 | 09:39 GMT

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EURUSD recovered from yesterday’s lows after Qatar’s decision to fund Turkey with $15 billion. The markets are still wary due to the exposure of the European Banks to Turkey, as well as the increased odds for a Brexit without agreement pressuring the Euro too. In contrast, the E.U's GDP was at its highest zone over the last years while the economy remains positive and sees no reason for sustainable Euro weakness. Major support is found at 1.1280-00 and resistance at 1.1420.

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Source: https://www.exclusivecapital.com/eurusd-august-16-2018-weekly-analysis/

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