Razvan

EURUSD - Update

FX:EURUSD   Euro / U.S. Dollar
2
It went pretty nice until now. The price hit 1.30 and bounced right back. I think we will witness a sideways move in the beginning of the move. The battle will start with the ECB press conference on Thursday and the Non Farm Payrolls on Friday. A break under 1.30 could be critical and we could see EURUSD back under 1.29, while a break above 1.32 would gather more buyers that will push the price back to 1.34. On the technical part we can see almost a perfect symmetry between the 2 corrections. As long as we have HH and HL the trend could still be up.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.