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BertusBoezenkool
Sep 4, 2020 2:55 PM

EURUSD LONG  Long

Euro Fx/U.S. DollarFXCM

Description

Hello ladies and gentlemen,

After the drop of the NFP, the trend line is still intact. This is a very nice entry point for EUR/USD to climb to new highs as the pair can attract a lot more traders which go long.

Also, my opinion is that the DXY is looking overstretched and has still not broken the long-term trend line.

My guess is that EUR/USD keeps making new highs, also looking at the breakout on the monthly chart.

Happy trading and always do your own research
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