Main trend remains bearish as traders and investors eye the next big data from the US scheduled for Friday. Although the pair is now trading above the 200SMA, a bullish movement is not yet probable as the US economy is growing strong and the Greenback is the preferred investment even before Gold, which succumbed below the $1,200 level today.
Chart: EUR/USD H4
Excellent review, thanks.
ReplyDeleteGreat analysis!
ReplyDeleteInteresting levels to be watchful of, thanks for the info.
ReplyDeleteNice rally.
ReplyDeleteI guess it will enter in consolidation.
ReplyDeleteInteresting to read, thanks!
ReplyDeleteGreat take on markets today.
ReplyDeleteGreat post.
ReplyDelete