EURUSD have been trading with in a multi days compressing bearish channel - price action is quite choppy over the past few weeks on this market.
Looking at the USD Currency Index (DXY), it made a lower high and very much likely to be making a new low over the coming days so with that idea I am expecting that EURUSD is likely to be pushing up.
At the moment EURUSD is staling near the support, momentum on all across the board is developing for the upside, looking 50% & 61.8% Fib areas to be the good zones to build long positions.
Good Luck.
Looking at the USD Currency Index (DXY), it made a lower high and very much likely to be making a new low over the coming days so with that idea I am expecting that EURUSD is likely to be pushing up.
At the moment EURUSD is staling near the support, momentum on all across the board is developing for the upside, looking 50% & 61.8% Fib areas to be the good zones to build long positions.
Good Luck.
Comment:
EURUSD coming into the buy zone, keep a close eye.
