My previous EUR/USD signal on 13th June was not triggered, as there was no bearish price action when the price first reached the resistance level identified at
, I said that if the price could get established above the resistance level at $1.0796 after the London open, say with two consecutive higher hourly closes, that will suggest a further upwards move is likely to happen, with the price likely to reach $1.0835 quite quickly.
The technical picture has become more bullish since then, with the US Dollar falling even as its yields are rising, and the Euro one of the strongest major currencies as expectations of the ECB’s rate hike path grow increasingly hawkish. the price has now got close to the big round number at $1.1000 which recently acted as an area of strong resistanceFor these reasons, I think either a long or short trade could be a good opportunity here today.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
EUR/USD Price Forecast: EUR/USD Grinds in Tight Range as Breakout BeckonsEUR/USD struggles for direction as the tug of war between the Euro and the US Dollar continues. Price action suggests a breakout could be imminent.
Lire la suite »
EUR/USD Forex Signal: Temporary Pullback Ahead of an EventuaThe EURUSD pair retreated slightly ahead of the upcoming US building permit and housing starts numbers.
Lire la suite »
EUR/USD Forex Signal: Extremely Bullish Above the ResistanceThe EUR/USD rate was in a consolidation phase on Wednesday morning ahead of the upcoming testimony by Jerome Powell, the Federal Reserve Chair.
Lire la suite »
EUR/USD Price Analysis: Still scope for a test of 1.1000EUR/USD’s initial bull run falters around the 1.0950 region on Tuesday. Despite the current downtick, further gains remain well on the table for the t
Lire la suite »
EUR/USD Price Analysis: Bears firmly moving towards the daily trendline supportAs per the prior analysis, EUR/USD Price Analysis: Bulls run into resistance, bears eye trendline support, EUR/USD is turning lower as the following w
Lire la suite »
EUR/USD Price Analysis: Euro retreats towards 1.0900 within bull flag as Fed, ECB talks eyedEUR/USD stays on the bear’s radar for the fourth consecutive day as it reverses the late Tuesday’s corrective bounce off the weekly low amid very earl
Lire la suite »