EUR/USD has been on a strong uptrend in the past 6 weeks due to a weakening US Dollar. It is in the middle of major supply and demand zones however it is hitting a 12 year strong downward trendline. With the US potentially introducing another stimulus package to help the American economy which would help strengthen the US Dollar, I think EUR/USD will fall. It is very tough to go against this strong uptrend however.
Let me know what you guys think.
Let me know what you guys think.