ForexTrendline

Calm before the storm! | EURUSD

Long
FX_IDC:EURUSD   Euro / U.S. Dollar
Hello, at the moment on most charts we see the same thing - sideways movement with lower peaks and higher bottoms.

This means that soon something will happen and we will see a breakthrough that will give us a clear direction of trades.

This can be done today with FOMC Minutes or tomorrow with Nonfarm Payrolls (Jun) or with one Tweet.

It is important to have clear movement, and it will inevitably appear.

Our expectation, as we have said many times, is that we will see a weak USD. This means looking for an increase in EURUSD to levels:
1.1416
1.1494
1.1568
1.1679

It may take time, but we expect the specified values to be reached.

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