MujkanovicFX

EUR/USD Tilted Upwards

Long
OANDA:EURUSD   Euro / U.S. Dollar
US dollar was under heavy pressure these days with investors worrying about the US-China trade relations. However, US dollar saw some strength against the euro with the end of March and the end of the first quarter when position adjustments usually drive demand for the greenback. April, on the other hand, is generally a bad month for the US dollar, and with the current price-action at a support line and the uptrend still intact, I expect the pair to move upwards in the coming days.

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