EURUSD is Showing Strength Again
After the price breakout from the pattern, EURUSD is showing for potential strength.
Probably all that market hesitation to push EURUSD below 1.0700 changed the direction
of the trend.
It can be too early again for the bullish move however we can see the price rising ahead
of the FOMC meeting before we see the next move.
After FOMC minutes the US Dollar is dominated by a slight bearish volume and we can see EURUSD rising more but slowly.
Also, the economic calendar is empty for today and we should be careful.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
After the price breakout from the pattern, EURUSD is showing for potential strength.
Probably all that market hesitation to push EURUSD below 1.0700 changed the direction
of the trend.
It can be too early again for the bullish move however we can see the price rising ahead
of the FOMC meeting before we see the next move.
After FOMC minutes the US Dollar is dominated by a slight bearish volume and we can see EURUSD rising more but slowly.
Also, the economic calendar is empty for today and we should be careful.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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Also today EURUSD is dominated by a slightly bullish volume.
The current EURUSD strength is also supported by the DXY position which is supporting all other currencies to strengthen against the USD in the short-term.
The focus for this week is on the US PCE data, which may provide more clues to a possible rate cut by the FED at the June meeting.