EURUSD again has headed towards the minor resistance of the wedge pattern as the USD continues to move lower.
We expect USD downside despite the good data recently due to the recent FOMC member speeches. The majority of the
FOMC is trying to put the brakes on which they continue to hike interest rates. The market has taken this negatively giving the major currency
pairs a boost with EURUSD, in particular, heading towards the key highs of 1.1500. If price can break and close above the key highs we should expect price
to continue higher.
We expect USD downside despite the good data recently due to the recent FOMC member speeches. The majority of the
FOMC is trying to put the brakes on which they continue to hike interest rates. The market has taken this negatively giving the major currency
pairs a boost with EURUSD, in particular, heading towards the key highs of 1.1500. If price can break and close above the key highs we should expect price
to continue higher.