The pair went back and forth yesterday before it dropped down significantly.

Short-term traders can consider this as a good time to sell the pair. The much awaited Brexit negotiations have finally started and the European Union EU leaders have planned to meet on June 22 nd to review the recent developments in the talks. Due to this, the market continues to remain volatile. The pair initially went higher before falling down to areas of support today.

With a lot of confusions surrounding the government formation in UK and the Brexit negotiations, the pound continues to remain under pressure. On the other hand, the markets are skeptical on whether the Fed will hike the interest rates again this year. With significant market pressure, traders can expect a weak pound in the short term.

EUR/USD Forecast

The pair fell slightly yesterday and indicated a weak AUD. The Reserve Bank of Australia RBA kept the interest rates unchanged at 1.

EUR/USD - Live Rate, Forecast, News and Analysis

The minutes from the meeting expressed confidence over a rich economic growth in the near future. The market is expected to maintain eur vs usd daily forecast bullish trend on a longer term and provide buying opportunities.

Forex market analysis - EUR USD Forecast - FXOpen

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