Bullish if breaks above 1.1945
The Euro extended its losses against the US Dollar in the last session, after the Organisation for Economic Co-operation and Development (OECD) warned that raising interest rates could be hazardous for the Eurozone’s economic growth. Currently, the pair is trading with an upside tone on the 1H chart, ahead of the key economic releases in the Eurozone and Germany, due in few hours. Similarly, a signal line crossover by the MACD indicator from below, further valida…